Exchange Traded Concepts LLC Boosts Holdings in Nutrien Ltd. $NTR

Exchange Traded Concepts LLC boosted its stake in Nutrien Ltd. (NYSE:NTR) by 71.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 153,962 shares of the company’s stock after acquiring an additional 64,375 shares during the period. Exchange Traded Concepts LLC’s holdings in Nutrien were worth $9,039,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Nutrien by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 21,903,308 shares of the company’s stock worth $1,276,328,000 after purchasing an additional 712,305 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Nutrien by 14.0% during the second quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock valued at $772,742,000 after purchasing an additional 1,627,328 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Nutrien by 48.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock valued at $696,058,000 after purchasing an additional 3,900,755 shares during the period. Canada Pension Plan Investment Board increased its position in Nutrien by 17.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company’s stock worth $436,137,000 after buying an additional 1,284,181 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Nutrien in the second quarter valued at $395,842,000. 63.10% of the stock is owned by institutional investors.

Nutrien Price Performance

NYSE:NTR opened at $63.61 on Wednesday. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $65.08. The stock has a fifty day moving average of $58.30 and a 200 day moving average of $58.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.89 and a current ratio of 1.41. The firm has a market capitalization of $30.75 billion, a price-to-earnings ratio of 17.14 and a beta of 0.72.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. Nutrien had a return on equity of 7.54% and a net margin of 6.79%.The firm had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter last year, the company posted $0.39 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.545 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.18 annualized dividend and a dividend yield of 3.4%. Nutrien’s dividend payout ratio (DPR) is 58.76%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NTR shares. Oppenheimer reissued an “outperform” rating on shares of Nutrien in a report on Wednesday, October 22nd. Wall Street Zen downgraded shares of Nutrien from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Nutrien in a research report on Monday. National Bank Financial initiated coverage on shares of Nutrien in a report on Friday, September 5th. They issued a “sector perform” rating for the company. Finally, Mizuho boosted their target price on shares of Nutrien from $61.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Nutrien has an average rating of “Hold” and a consensus target price of $63.17.

About Nutrien

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.