Janus Henderson Group PLC Acquires 12,509 Shares of Nutrien Ltd. $NTR

Janus Henderson Group PLC grew its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 472,604 shares of the company’s stock after purchasing an additional 12,509 shares during the quarter. Janus Henderson Group PLC’s holdings in Nutrien were worth $35,512,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Montag A & Associates Inc. boosted its holdings in shares of Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after acquiring an additional 320 shares during the period. Evolution Wealth Management Inc. bought a new position in shares of Nutrien in the first quarter worth $32,000. Sfam LLC purchased a new stake in shares of Nutrien in the fourth quarter worth $37,000. Harbour Investments Inc. boosted its stake in Nutrien by 97.2% during the fourth quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock valued at $43,000 after buying an additional 347 shares during the period. Finally, Geneos Wealth Management Inc. boosted 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 during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. BNP Paribas Exane upgraded Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Tuesday, July 28th. UBS Group cut their price objective on Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a report on Monday, May 11th. Morgan Stanley decreased their price objective on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Scotiabank upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price for the company in a research report on Tuesday, June 30th. Finally, Weiss Ratings raised shares of Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Sixteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Nutrien currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.84.

Nutrien Stock Performance

NYSE:NTR opened at $68.98 on Monday. The business has a 50 day moving average of $66.39 and a 200 day moving average of $70.43. The company has a market capitalization of $33.00 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 0.69 and a beta of 0.62. 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.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. On average, sell-side analysts predict that Nutrien Ltd. will post 5.01 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were paid a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. Nutrien’s dividend payout ratio is 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.