12,618 Shares in Nutrien Ltd. $NTR Bought by Illumine Investment Management LLC

Illumine Investment Management LLC purchased a new stake in Nutrien Ltd. (NYSE:NTR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,618 shares of the company’s stock, valued at approximately $952,000.

A number of other institutional investors have also made changes to their positions in NTR. Montag A & Associates Inc. boosted its stake in shares of Nutrien by 310.7% during the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 320 shares during the last quarter. Evolution Wealth Management Inc. bought a new position in shares of Nutrien during the 1st quarter worth approximately $32,000. Sfam LLC bought a new position in Nutrien during the fourth quarter worth $37,000. Eastern Bank boosted its holdings in shares of Nutrien by 133.0% during the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after buying an additional 399 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of Nutrien by 97.2% in the fourth quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock valued at $43,000 after purchasing an additional 347 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NTR. JPMorgan Chase & Co. raised their price target on shares of Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Royal Bank Of Canada boosted their price target on Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a research report on Thursday, April 30th. Weiss Ratings upgraded Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Finally, Scotia raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price target for the company in a research note on Tuesday, June 30th. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.61.

Nutrien Price Performance

Nutrien stock opened at $67.64 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. The stock has a market capitalization of $32.42 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.63 and a beta of 0.62. The stock’s 50 day moving average price is $67.23 and its two-hundred day moving average price is $69.77. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the previous year, the firm posted $0.11 earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year. On average, equities analysts predict that Nutrien Ltd. will post 5.19 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.3%. Nutrien’s dividend payout ratio (DPR) is presently 44.81%.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.