Manning & Napier Group LLC Acquires New Holdings in Nutrien Ltd. (NYSE:NTR)

Manning & Napier Group LLC acquired a new stake in Nutrien Ltd. (NYSE:NTRGet Rating) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 33,309 shares of the company’s stock, valued at approximately $2,654,000.

A number of other institutional investors have also made changes to their positions in the stock. Caliber Wealth Management LLC bought a new position in shares of Nutrien in the 2nd quarter valued at approximately $658,000. Paradiem LLC bought a new position in Nutrien in the 2nd quarter worth approximately $729,000. CVA Family Office LLC bought a new position in Nutrien in the 2nd quarter worth approximately $80,000. Capital Market Strategies LLC increased its position in Nutrien by 10.0% in the 2nd quarter. Capital Market Strategies LLC now owns 3,286 shares of the company’s stock worth $262,000 after buying an additional 300 shares during the period. Finally, J.W. Cole Advisors Inc. increased its position in Nutrien by 68.9% in the 1st quarter. J.W. Cole Advisors Inc. now owns 6,255 shares of the company’s stock worth $650,000 after buying an additional 2,551 shares during the period. 63.51% of the stock is owned by institutional investors.

Nutrien Price Performance

Shares of NTR stock opened at $88.68 on Thursday. The stock’s fifty day simple moving average is $87.98 and its 200 day simple moving average is $93.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.21 and a quick ratio of 0.75. The firm has a market cap of $47.82 billion, a price-to-earnings ratio of 7.17, a P/E/G ratio of 0.69 and a beta of 0.90. Nutrien Ltd. has a one year low of $62.76 and a one year high of $117.25.

Nutrien (NYSE:NTRGet Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $5.85 EPS for the quarter, missing the consensus estimate of $5.90 by ($0.05). The company had revenue of $14.51 billion during the quarter, compared to analyst estimates of $15.36 billion. Nutrien had a net margin of 19.43% and a return on equity of 28.14%. On average, analysts expect that Nutrien Ltd. will post 16.35 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, September 29th. Nutrien’s dividend payout ratio is 15.53%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Credit Suisse Group lifted their price target on Nutrien from $67.00 to $70.00 and gave the stock an “underperform” rating in a research report on Thursday, August 4th. Barclays dropped their price target on Nutrien from $126.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 10th. Royal Bank of Canada set a $135.00 price target on Nutrien in a research report on Wednesday, July 13th. Piper Sandler lifted their price target on Nutrien from $112.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 31st. Finally, Scotiabank raised Nutrien from a “sector perform” rating to a “sector outperform” rating and dropped their price target for the stock from $118.00 to $110.00 in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.75.

Nutrien Profile

(Get Rating)

Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

Further Reading

Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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