Nutrien Ltd. $NTR Stake Lifted by Deutsche Bank AG

Deutsche Bank AG increased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,798,196 shares of the company’s stock after buying an additional 189,683 shares during the quarter. Deutsche Bank AG owned about 2.03% of Nutrien worth $604,745,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Montag A & Associates Inc. grew its stake in Nutrien by 310.7% during the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 320 shares during the last quarter. Eastern Bank grew its stake in Nutrien by 133.0% during the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after buying an additional 399 shares during the last quarter. Harbour Investments Inc. grew its stake in Nutrien by 97.2% during the 4th quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after buying an additional 347 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Nutrien by 42.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after buying an additional 219 shares during the last quarter. Finally, Fulcrum Asset Management LLP bought a new position in Nutrien during the 3rd quarter worth $46,000. 63.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on NTR shares. Raymond James Financial upgraded Nutrien from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $74.00 to $90.00 in a research note on Tuesday, May 5th. Jefferies Financial Group upgraded Nutrien from a “hold” rating to a “buy” rating and upped their price objective for the stock from $74.00 to $96.00 in a research note on Thursday, March 12th. Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Thursday, April 30th. UBS Group decreased their price target on Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research note on Monday, May 11th. Finally, Royal Bank Of Canada increased their price target on Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Eleven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.75.

Nutrien Trading Down 1.5%

NYSE:NTR opened at $66.29 on Wednesday. Nutrien Ltd. has a 1 year low of $53.03 and a 1 year high of $85.36. The stock has a market cap of $31.82 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 0.62 and a beta of 0.60. The business has a fifty day moving average of $71.91 and a 200-day moving average of $69.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the prior year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. Equities analysts predict that Nutrien Ltd. will post 5.45 earnings per share for the current year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.3%. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

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.