Nutrien Ltd. (NYSE:NTR) Position Lifted by Altshuler Shaham Ltd

Altshuler Shaham Ltd grew its stake in shares of Nutrien Ltd. (NYSE:NTR) by 8.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,990,374 shares of the company’s stock after acquiring an additional 446,340 shares during the period. Nutrien comprises approximately 10.3% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 3rd biggest holding. Altshuler Shaham Ltd owned approximately 1.21% of Nutrien worth $304,970,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Lester Murray Antman dba SimplyRich grew its holdings in Nutrien by 2.3% in the second quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company’s stock worth $461,000 after purchasing an additional 202 shares during the last quarter. Lindbrook Capital LLC increased its position in Nutrien by 21.4% during the 1st quarter. Lindbrook Capital LLC now owns 1,179 shares of the company’s stock valued at $64,000 after buying an additional 208 shares in the last quarter. Moody National Bank Trust Division raised its stake in Nutrien by 1.7% in the first quarter. Moody National Bank Trust Division now owns 12,582 shares of the company’s stock valued at $683,000 after buying an additional 208 shares during the last quarter. FFT Wealth Management LLC boosted its holdings in Nutrien by 0.8% in the second quarter. FFT Wealth Management LLC now owns 29,220 shares of the company’s stock worth $1,488,000 after acquiring an additional 220 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after acquiring an additional 233 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NYSE NTR opened at $47.06 on Monday. The stock has a market capitalization of $23.28 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 1.53 and a beta of 0.82. Nutrien Ltd. has a 52 week low of $44.65 and a 52 week high of $63.60. The firm has a 50-day simple moving average of $48.00 and a 200-day simple moving average of $51.86. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.37.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.15. The company had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. Nutrien’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.53 EPS. On average, equities analysts predict that Nutrien Ltd. will post 3.81 earnings per share for the current fiscal year.

Nutrien Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on NTR shares. Hsbc Global Res lowered shares of Nutrien from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. The Goldman Sachs Group lowered Nutrien from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $69.00 to $53.00 in a report on Tuesday, September 10th. Wells Fargo & Company decreased their price target on Nutrien from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. HSBC cut shares of Nutrien from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Finally, Barclays decreased their price objective on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Nutrien presently has an average rating of “Hold” and an average target price 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.