Evergreen Capital Management LLC Buys 103,679 Shares of Nutrien Ltd. (NYSE:NTR)

Evergreen Capital Management LLC boosted its stake in Nutrien Ltd. (NYSE:NTR) by 141.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 176,925 shares of the company’s stock after purchasing an additional 103,679 shares during the quarter. Evergreen Capital Management LLC’s holdings in Nutrien were worth $9,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Manning & Napier Advisors LLC purchased a new position in Nutrien during the second quarter valued at approximately $2,639,000. Vanguard Group Inc. increased its holdings in shares of Nutrien by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 18,210,375 shares of the company’s stock worth $1,025,790,000 after purchasing an additional 158,161 shares during the period. SG Americas Securities LLC raised its position in shares of Nutrien by 370.1% in the first quarter. SG Americas Securities LLC now owns 58,041 shares of the company’s stock worth $3,152,000 after buying an additional 45,695 shares in the last quarter. BNP Paribas purchased a new position in Nutrien during the first quarter worth about $1,146,000. Finally, Wellington Management Group LLP increased its stake in Nutrien by 54.3% in the 4th quarter. Wellington Management Group LLP now owns 841,144 shares of the company’s stock worth $47,620,000 after acquiring an additional 296,122 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Trading Down 1.8 %

NYSE NTR opened at $47.06 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $63.60. The stock has a market cap of $23.28 billion, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 1.53 and a beta of 0.82. The stock has a 50 day simple moving average of $48.00 and a two-hundred day simple moving average of $51.86.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.15. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The business had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $10.82 billion. During the same quarter in the previous year, the business posted $2.53 earnings per share. The firm’s revenue for the quarter was down 12.9% compared to the same quarter last year. On average, analysts forecast that Nutrien Ltd. will post 3.81 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Friday, September 27th. Nutrien’s payout ratio is currently 126.32%.

Wall Street Analyst Weigh In

NTR has been the subject of several recent analyst reports. BMO Capital Markets cut their price objective on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a research report on Friday. UBS Group reduced their target price on Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Hsbc Global Res cut Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company decreased their price objective on Nutrien from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Nutrien currently has an average rating of “Hold” and a consensus price target of $62.39.

Nutrien Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.