Point72 Asia Singapore Pte. Ltd. Acquires Shares of 1,030 Nutrien Ltd. (NYSE:NTR)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Nutrien Ltd. (NYSE:NTR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,030 shares of the company’s stock, valued at approximately $52,000.

A number of other large investors also recently made changes to their positions in NTR. Silchester International Investors LLP increased its stake in shares of Nutrien by 211.6% during the second quarter. Silchester International Investors LLP now owns 4,041,167 shares of the company’s stock worth $205,736,000 after purchasing an additional 2,744,213 shares during the period. ARGA Investment Management LP increased its stake in shares of Nutrien by 120.2% during the first quarter. ARGA Investment Management LP now owns 3,780,881 shares of the company’s stock worth $205,421,000 after purchasing an additional 2,063,881 shares during the period. Bank of Montreal Can increased its stake in shares of Nutrien by 15.5% during the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock worth $719,668,000 after purchasing an additional 1,794,333 shares during the period. National Bank of Canada FI increased its stake in shares of Nutrien by 34.0% during the second quarter. National Bank of Canada FI now owns 4,066,629 shares of the company’s stock worth $205,385,000 after purchasing an additional 1,032,763 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in shares of Nutrien by 10.6% during the first quarter. 1832 Asset Management L.P. now owns 8,839,216 shares of the company’s stock worth $480,058,000 after purchasing an additional 844,559 shares during the period. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

NTR has been the topic of a number of recent research reports. Wells Fargo & Company lowered Nutrien from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $62.00 to $50.00 in a research note on Tuesday, September 24th. UBS Group reduced their price target on Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Hsbc Global Res downgraded Nutrien from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. HSBC downgraded Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Finally, TD Securities reduced their price target on Nutrien from $69.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.50.

Nutrien Trading Down 0.2 %

Shares of NTR stock opened at $49.82 on Friday. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $62.53. The company has a market cap of $24.65 billion, a PE ratio of 29.13, a P/E/G ratio of 1.58 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26. The stock’s fifty day moving average price is $47.60 and its two-hundred day moving average price is $51.54.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.15. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The company had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $10.82 billion. During the same period in the prior year, the company earned $2.53 EPS. Nutrien’s revenue was down 12.9% compared to the same quarter last year. Equities analysts predict that Nutrien Ltd. will post 3.83 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders 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 dividend yield of 4.34%. The ex-dividend date of this dividend is Friday, September 27th. Nutrien’s payout ratio is 126.32%.

Nutrien Company 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.