Mediolanum International Funds Ltd Has $2.18 Million Stock Holdings in Nutrien Ltd. $NTR

Mediolanum International Funds Ltd trimmed its stake in shares of Nutrien Ltd. (NYSE:NTR) by 29.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,451 shares of the company’s stock after selling 11,985 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Nutrien were worth $2,179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. McAlvany Wealth Management LLC raised its position in shares of Nutrien by 7.5% in the first quarter. McAlvany Wealth Management LLC now owns 43,900 shares of the company’s stock valued at $3,361,000 after purchasing an additional 3,051 shares during the period. Ranch Capital Advisors Inc. bought a new stake in shares of Nutrien during the 1st quarter worth about $375,000. Assetmark Inc. grew its stake in Nutrien by 63.9% in the 1st quarter. Assetmark Inc. now owns 22,743 shares of the company’s stock valued at $1,716,000 after buying an additional 8,869 shares during the last quarter. Gould Asset Management LLC CA grew its stake in Nutrien by 4.4% in the 1st quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company’s stock valued at $297,000 after buying an additional 165 shares during the last quarter. Finally, Barings LLC raised its holdings in Nutrien by 70.6% in the 1st quarter. Barings LLC now owns 216,325 shares of the company’s stock valued at $16,324,000 after acquiring an additional 89,517 shares during the period. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NTR has been the subject of several research reports. Morgan Stanley cut their price objective on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Thursday, April 30th. Weiss Ratings raised Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Scotia upgraded 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. Finally, TD Securities reaffirmed a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. Fourteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.00.

Nutrien Stock Performance

NYSE NTR opened at $66.78 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $31.94 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.65 and a beta of 0.62. Nutrien Ltd. has a 12-month low of $53.03 and a 12-month high of $85.36. The firm has a 50-day moving average price of $66.70 and a two-hundred day moving average price of $69.96.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping 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 company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same period last year, the firm earned $0.11 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. Analysts anticipate that Nutrien Ltd. will post 5.11 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.3%. Nutrien’s payout ratio is currently 44.81%.

Nutrien 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.