SG Americas Securities LLC Acquires 87,116 Shares of Nutrien Ltd. $NTR

SG Americas Securities LLC lifted its holdings in Nutrien Ltd. (NYSE:NTR) by 1,974.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,528 shares of the company’s stock after acquiring an additional 87,116 shares during the period. SG Americas Securities LLC’s holdings in Nutrien were worth $6,907,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of NTR. Montag A & Associates Inc. increased its holdings in shares of Nutrien by 310.7% during the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares during the period. Sfam LLC bought a new stake in shares of Nutrien in the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. grew its position in Nutrien by 42.4% during the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after buying an additional 219 shares in the last quarter. Eastern Bank grew its position in Nutrien by 133.0% during the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after buying an additional 399 shares in the last quarter. Finally, Harbour Investments Inc. increased 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 acquiring an additional 347 shares during the period. 63.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NTR. Zacks Research cut Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Wells Fargo & Company upgraded Nutrien from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $77.00 to $100.00 in a research report on Friday, March 13th. Scotiabank boosted their price target on Nutrien from $75.00 to $80.00 and gave the company a “sector perform” rating in a research note on Monday, May 11th. Jefferies Financial Group raised shares of 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 report on Thursday, March 12th. Finally, Bank of America upgraded shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Thursday, April 30th. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.71.

Nutrien Trading Up 0.2%

NTR opened at $61.09 on Monday. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week 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 firm has a market capitalization of $29.28 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 0.56 and a beta of 0.60. The company’s 50 day moving average price is $68.98 and its two-hundred day moving average price is $69.53.

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 the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share. As a group, research analysts predict that Nutrien Ltd. will post 5.45 earnings per share for the current year.

Nutrien Announces Dividend

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

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.