Everstar Asset Management LLC Makes New $861,000 Investment in Nutrien Ltd. $NTR

Everstar Asset Management LLC purchased a new stake in Nutrien Ltd. (NYSE:NTR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,405 shares of the company’s stock, valued at approximately $861,000.

Other institutional investors also recently modified their holdings of the company. Swiss Life Asset Management Ltd increased its stake in Nutrien by 23.6% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 79,770 shares of the company’s stock worth $4,691,000 after purchasing an additional 15,230 shares in the last quarter. Van ECK Associates Corp raised its holdings in Nutrien by 1.4% during the 3rd quarter. Van ECK Associates Corp now owns 1,854,650 shares of the company’s stock worth $108,901,000 after buying an additional 25,588 shares during the period. MH & Associates Securities Management Corp ADV purchased a new stake in Nutrien during the fourth quarter valued at about $1,967,000. Hudson Bay Capital Management LP lifted its stake in Nutrien by 190.3% during the third quarter. Hudson Bay Capital Management LP now owns 116,312 shares of the company’s stock valued at $6,829,000 after buying an additional 76,244 shares in the last quarter. Finally, Black Creek Investment Management Inc. boosted its holdings in shares of Nutrien by 57.3% in the third quarter. Black Creek Investment Management Inc. now owns 2,367,244 shares of the company’s stock worth $139,050,000 after buying an additional 862,487 shares during the period. Institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

NTR has been the topic of several analyst reports. Wall Street Zen downgraded shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Wells Fargo & Company upgraded shares of Nutrien from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $77.00 to $100.00 in a research report on Friday, March 13th. JPMorgan Chase & Co. raised their price objective on shares of Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Royal Bank Of Canada lifted their price objective 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, Morgan Stanley boosted their target price on shares of Nutrien from $77.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Nutrien currently has an average rating of “Moderate Buy” and an average price target of $81.71.

Nutrien Trading Up 0.1%

NYSE:NTR opened at $62.89 on Monday. 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 Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36. The stock’s 50-day moving average is $70.21 and its two-hundred day moving average is $69.48. The stock has a market cap of $30.14 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 0.58 and a beta of 0.60.

Nutrien (NYSE:NTR) last issued its 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. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. As a group, equities research analysts forecast that Nutrien Ltd. will post 5.45 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, June 30th. Nutrien’s dividend payout ratio is currently 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.