Y.D. More Investments Ltd Purchases Shares of 17,500 Nutrien Ltd. $NTR

Y.D. More Investments Ltd acquired a new stake in Nutrien Ltd. (NYSE:NTR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,500 shares of the company’s stock, valued at approximately $1,321,000.

A number of other hedge funds have also recently made changes to their positions in NTR. Guggenheim Capital LLC raised its stake in Nutrien by 2.2% during the 4th quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock valued at $409,000 after purchasing an additional 145 shares during the period. Minot DeBlois Advisors LLC boosted its stake in Nutrien by 1.8% in 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 period. Banque Cantonale Vaudoise grew its holdings in Nutrien by 15.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock valued at $90,000 after buying an additional 164 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Nutrien by 21.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock valued at $61,000 after buying an additional 176 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Nutrien by 1.2% during the first quarter. Assenagon Asset Management S.A. now owns 15,822 shares of the company’s stock valued at $1,191,000 after buying an additional 183 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Trading Up 0.0%

NTR stock opened at $65.45 on Monday. The firm has a fifty day moving average price of $67.39 and a 200 day moving average price of $69.74. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36. The firm has a market cap of $31.37 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.63 and a beta of 0.62. 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, beating analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Nutrien’s revenue was up 18.5% on a year-over-year basis. Sell-side analysts anticipate that Nutrien Ltd. will post 5.19 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.4%. Nutrien’s dividend payout ratio (DPR) is presently 44.81%.

Wall Street Analyst Weigh In

Several research firms have recently commented on NTR. Bank of America raised shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Thursday, April 30th. Oppenheimer lifted their price target on shares of Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Canadian Imperial Bank of Commerce decreased their price target on shares of Nutrien from $90.00 to $88.00 and set an “outperformer” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings raised shares of Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Finally, TD Securities restated a “buy” rating on shares of Nutrien in a research report on Wednesday, May 6th. 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 data from MarketBeat, Nutrien currently has an average rating of “Moderate Buy” and an average price target of $80.94.

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.