Bleakley Financial Group LLC Has $5.55 Million Position in Nutrien Ltd. $NTR

Bleakley Financial Group LLC raised its holdings in Nutrien Ltd. (NYSE:NTR) by 19.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,498 shares of the company’s stock after buying an additional 11,739 shares during the quarter. Bleakley Financial Group LLC’s holdings in Nutrien were worth $5,546,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Guggenheim Capital LLC lifted its position in shares of Nutrien by 2.2% during the 4th quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock worth $409,000 after buying an additional 145 shares during the period. Minot DeBlois Advisors LLC grew its position in Nutrien by 1.8% in the fourth quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock valued at $557,000 after acquiring an additional 164 shares during the period. Banque Cantonale Vaudoise raised its stake in Nutrien by 15.9% during the first quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock worth $90,000 after acquiring an additional 164 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Nutrien by 21.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock worth $61,000 after acquiring an additional 176 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Nutrien by 1.2% during the first quarter. Assenagon Asset Management S.A. now owns 15,822 shares of the company’s stock worth $1,191,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on NTR. National Bank Financial set a $76.00 target price on shares of Nutrien and gave the company an “outperform” rating in a research note on Monday. Raymond James Financial upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $74.00 to $90.00 in a research report on Tuesday, May 5th. Morgan Stanley cut their price target on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Bank of America upgraded shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Thursday, April 30th. Finally, TD Securities reaffirmed a “buy” rating on shares of Nutrien in a research note on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Nutrien Trading Up 1.6%

NTR opened at $68.65 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $32.90 billion, a PE ratio of 13.98, a PEG ratio of 0.65 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 firm has a 50-day moving average price of $67.05 and a two-hundred day moving average price of $69.80.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The company 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 was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. As a group, equities analysts anticipate that Nutrien Ltd. will post 5.19 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company 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 is Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.2%. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

About Nutrien

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.