Nutrien Ltd. $NTR Shares Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC raised its position in shares of Nutrien Ltd. (NYSE:NTR) by 1,000.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,429 shares of the company’s stock after acquiring an additional 100,392 shares during the period. Aquatic Capital Management LLC’s holdings in Nutrien were worth $6,483,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Root Financial Partners LLC acquired a new stake in shares of Nutrien in the third quarter valued at about $37,000. Geneos Wealth Management Inc. raised its stake in Nutrien by 42.4% during the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock valued at $43,000 after buying an additional 219 shares in the last quarter. Acadian Asset Management LLC bought a new position in Nutrien during the first quarter worth $54,000. Bessemer Group Inc. lifted its position in shares of Nutrien by 27.7% in the 3rd quarter. Bessemer Group Inc. now owns 937 shares of the company’s stock worth $55,000 after buying an additional 203 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new position in Nutrien in the second quarter worth about $56,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. BNP Paribas Exane downgraded shares of Nutrien from an “outperform” rating to a “neutral” rating in a report on Monday, February 23rd. Jefferies Financial Group upgraded Nutrien from a “hold” rating to a “buy” rating and lifted their price target for the company from $74.00 to $96.00 in a research report on Thursday, March 12th. JPMorgan Chase & Co. boosted their target price on shares of Nutrien from $68.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Royal Bank Of Canada upped their target price on Nutrien from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Finally, Barclays upped their price target on shares of Nutrien from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $75.47.

Nutrien Trading Down 6.2%

Shares of NYSE NTR opened at $77.67 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.34. The stock has a market cap of $37.37 billion, a price-to-earnings ratio of 16.67 and a beta of 0.70. Nutrien Ltd. has a 52 week low of $45.78 and a 52 week high of $85.36. The business has a 50 day simple moving average of $70.51 and a 200 day simple moving average of $62.80.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a net margin of 8.43% and a return on equity of 8.41%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 EPS. On average, research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.8%. This is a boost from Nutrien’s previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, March 31st. Nutrien’s dividend payout ratio is 46.78%.

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.