Nutrien Ltd. (NYSE:NTR) Shares Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP increased its position in shares of Nutrien Ltd. (NYSE:NTR) by 125.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,238 shares of the company’s stock after acquiring an additional 10,159 shares during the quarter. Mirabella Financial Services LLP’s holdings in Nutrien were worth $877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Silchester International Investors LLP increased its stake in Nutrien by 164.4% during the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock worth $513,437,000 after acquiring an additional 6,642,075 shares during the last quarter. Bank of Montreal Can increased its position in shares of Nutrien by 15.5% during the 2nd quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock worth $719,668,000 after purchasing an additional 1,794,333 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Nutrien by 78.8% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock worth $121,271,000 after purchasing an additional 1,100,000 shares during the last quarter. National Bank of Canada FI raised its holdings in Nutrien by 34.0% in the 2nd quarter. National Bank of Canada FI now owns 4,066,629 shares of the company’s stock valued at $205,385,000 after buying an additional 1,032,763 shares during the period. Finally, Public Sector Pension Investment Board acquired a new position in Nutrien in the second quarter valued at about $38,176,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

Nutrien stock opened at $46.81 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The company has a fifty day simple moving average of $48.01 and a 200-day simple moving average of $50.03. The stock has a market cap of $23.12 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 1.65 and a beta of 0.82. Nutrien Ltd. has a 12-month low of $44.65 and a 12-month high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same period last year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. Equities analysts expect that Nutrien Ltd. will post 3.56 EPS for the current fiscal year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a $0.939 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 8.02%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s dividend payout ratio is 144.97%.

Analyst Upgrades and Downgrades

NTR has been the topic of a number of research analyst reports. UBS Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and reduced their price target for the company from $66.00 to $51.00 in a research note on Thursday, October 10th. The Goldman Sachs Group lowered Nutrien from a “buy” rating to a “neutral” rating and cut their target price for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. Scotiabank lowered their price target on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Monday, August 12th. Mizuho cut their price objective on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $60.00 target price on shares of Nutrien in a report on Friday, September 20th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.33.

About Nutrien

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.