MQS Management LLC Makes New Investment in Nutrien Ltd. $NTR

MQS Management LLC acquired a new stake in Nutrien Ltd. (NYSE:NTR) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 11,954 shares of the company’s stock, valued at approximately $902,000. Nutrien accounts for about 0.6% of MQS Management LLC’s holdings, making the stock its 13th largest position.

Other large investors also recently modified their holdings of the company. Guggenheim Capital LLC grew its stake in Nutrien by 2.2% in the 4th quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock valued at $409,000 after buying an additional 145 shares during the last quarter. Minot DeBlois Advisors LLC lifted its holdings in Nutrien by 1.8% during the 4th quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock worth $557,000 after purchasing an additional 164 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in Nutrien by 15.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock worth $90,000 after purchasing an additional 164 shares during the last quarter. Smith Moore & CO. boosted its stake in Nutrien by 2.2% in the 3rd quarter. Smith Moore & CO. now owns 7,642 shares of the company’s stock valued at $449,000 after purchasing an additional 168 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Nutrien by 21.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock valued at $61,000 after purchasing an additional 176 shares during the period. 63.10% of the stock is owned by institutional investors.

Nutrien Trading Up 2.8%

Shares of NYSE:NTR opened at $62.90 on Wednesday. The business’s 50 day simple moving average is $68.56 and its 200 day simple moving average is $69.58. Nutrien Ltd. has a 1 year low of $53.03 and a 1 year high of $85.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. The company has a market capitalization of $30.15 billion, a P/E ratio of 12.81, a P/E/G ratio of 0.56 and a beta of 0.60.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 EPS. On average, research analysts anticipate that Nutrien Ltd. will post 5.45 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s payout ratio is 44.81%.

Wall Street Analyst Weigh In

A number of research analysts have commented on NTR shares. Oppenheimer upped their price objective on Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Wells Fargo & Company raised shares of Nutrien from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $77.00 to $100.00 in a research report on Friday, March 13th. Scotiabank upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price target on the stock in a research note on Tuesday. Jefferies Financial Group upgraded shares of Nutrien from a “hold” rating to a “buy” rating and upped their price target for the company from $74.00 to $96.00 in a research note on Thursday, March 12th. Finally, Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Nutrien has an average rating of “Moderate Buy” and an average target price of $81.61.

Nutrien Company 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.