Nutrien Ltd. $NTR Shares Bought by Assetmark Inc.

Assetmark Inc. raised its holdings in Nutrien Ltd. (NYSE:NTR) by 142.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,537 shares of the company’s stock after purchasing an additional 2,663 shares during the quarter. Assetmark Inc.’s holdings in Nutrien were worth $264,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbour Investments Inc. raised its holdings in shares of Nutrien by 94.8% in the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after purchasing an additional 348 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in shares of Nutrien during the 2nd quarter worth about $49,000. Allworth Financial LP increased its position in Nutrien by 117.1% during the 1st quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after purchasing an additional 506 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in Nutrien by 1,074.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock worth $51,000 after purchasing an additional 935 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Nutrien in the first quarter valued at approximately $54,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Price Performance

Shares of NYSE NTR opened at $56.80 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The firm has a market capitalization of $27.52 billion, a PE ratio of 20.36, a P/E/G ratio of 0.92 and a beta of 0.83. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $65.08. The business’s fifty day moving average price is $57.38 and its two-hundred day moving average price is $58.20.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.91 by $0.06. The company had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.59 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. Nutrien’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 earnings per share. On average, research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be issued a $0.545 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.8%. Nutrien’s dividend payout ratio is presently 58.76%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Scotiabank dropped their price objective on shares of Nutrien from $62.00 to $60.00 and set a “sector perform” rating for the company in a research report on Monday, August 11th. National Bankshares started coverage on Nutrien in a report on Friday, September 5th. They issued a “sector perform” rating and a $64.00 price target for the company. Mizuho reduced their price target on Nutrien from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday. Wall Street Zen downgraded shares of Nutrien from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Zacks Research downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.83.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.