Grace & White Inc. NY Has $6.65 Million Stake in Nutrien Ltd. $NTR

Grace & White Inc. NY lowered its stake in Nutrien Ltd. (NYSE:NTR) by 15.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,100 shares of the company’s stock after selling 16,500 shares during the period. Nutrien makes up approximately 1.2% of Grace & White Inc. NY’s holdings, making the stock its 27th biggest position. Grace & White Inc. NY’s holdings in Nutrien were worth $6,648,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NTR. Kestra Private Wealth Services LLC raised its stake in shares of Nutrien by 4.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 9,081 shares of the company’s stock valued at $685,000 after acquiring an additional 405 shares in the last quarter. Cardinal Point Capital Management ULC boosted its position in Nutrien by 4.5% during the first quarter. Cardinal Point Capital Management ULC now owns 9,353 shares of the company’s stock worth $705,000 after purchasing an additional 400 shares during the period. Ritholtz Wealth Management grew its holdings in Nutrien by 4.5% during the first quarter. Ritholtz Wealth Management now owns 6,661 shares of the company’s stock valued at $503,000 after purchasing an additional 286 shares during the last quarter. Oak Family Advisors LLC acquired a new position in Nutrien during the first quarter valued at approximately $592,000. Finally, Banque Cantonale Vaudoise grew its holdings in Nutrien by 15.9% during the first quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock valued at $90,000 after purchasing an additional 164 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

NYSE:NTR opened at $61.09 on Friday. The stock has a market cap of $29.28 billion, a P/E ratio of 12.44, a PEG ratio of 0.56 and a beta of 0.60. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36. The company has a fifty day moving average price of $68.98 and a 200 day moving average price of $69.46. 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 earnings per share 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 firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the prior year, the firm earned $0.11 EPS. The business’s revenue was up 18.5% on a year-over-year basis. Analysts anticipate that Nutrien Ltd. will post 5.45 earnings per share for the current year.

Nutrien Dividend Announcement

The business 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 $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is presently 44.81%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NTR. Oppenheimer boosted their price objective on shares of Nutrien from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Bank of America upgraded shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Thursday, April 30th. Jefferies Financial Group upgraded shares of Nutrien from a “hold” rating to a “buy” rating and lifted their target price for the stock from $74.00 to $96.00 in a report on Thursday, March 12th. Royal Bank Of Canada boosted their target price on shares of Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.71.

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.