Nutrien Ltd. $NTR Shares Purchased by Burney Co.

Burney Co. raised its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 151.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,264 shares of the company’s stock after purchasing an additional 18,235 shares during the period. Burney Co.’s holdings in Nutrien were worth $2,284,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Nutrien by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after buying an additional 479,834 shares during the period. Wellington Management Group LLP raised its stake in Nutrien by 440.2% during the fourth quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock worth $1,008,713,000 after acquiring an additional 13,313,817 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Nutrien by 19.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock worth $834,962,000 after acquiring an additional 2,276,651 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Nutrien by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock worth $821,326,000 after acquiring an additional 70,068 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Nutrien by 2.0% in the fourth quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock valued at $604,745,000 after acquiring an additional 189,683 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Nutrien Trading Up 1.2%

Nutrien stock opened at $65.33 on Wednesday. Nutrien Ltd. has a 12-month low of $53.03 and a 12-month 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 stock has a market capitalization of $31.31 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.59 and a beta of 0.62. The firm has a 50 day simple moving average of $67.85 and a 200-day simple moving average of $69.67.

Nutrien (NYSE:NTR) last released 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. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.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 posted $0.11 earnings per share. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, equities research analysts expect that Nutrien Ltd. will post 5.45 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s payout ratio is presently 44.81%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Canadian Imperial Bank of Commerce lowered their target price on Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a report on Thursday, April 30th. Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Wells Fargo & Company upgraded Nutrien from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $77.00 to $100.00 in a research report on Friday, March 13th. Jefferies Financial Group raised Nutrien from a “hold” rating to a “buy” rating and increased their target price for the stock from $74.00 to $96.00 in a research report on Thursday, March 12th. Finally, JPMorgan Chase & Co. raised their target price on Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Nutrien currently has an average rating of “Moderate Buy” and a consensus target price of $80.94.

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.