Nutrien Ltd. (NYSE:NTR) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its stake in shares of Nutrien Ltd. (NYSE:NTR) by 14.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,087 shares of the company’s stock after acquiring an additional 2,979 shares during the quarter. Vontobel Holding Ltd.’s holdings in Nutrien were worth $1,109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Manning & Napier Advisors LLC acquired a new position in shares of Nutrien during the 2nd quarter valued at about $2,639,000. Cardinal Capital Management Inc. increased its position in Nutrien by 4.3% during the 3rd quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company’s stock worth $27,139,000 after purchasing an additional 23,117 shares in the last quarter. SG Americas Securities LLC increased its position in Nutrien by 370.1% during the 1st quarter. SG Americas Securities LLC now owns 58,041 shares of the company’s stock worth $3,152,000 after purchasing an additional 45,695 shares in the last quarter. Royal Fund Management LLC increased its position in Nutrien by 88.6% during the 3rd quarter. Royal Fund Management LLC now owns 30,722 shares of the company’s stock worth $1,477,000 after purchasing an additional 14,434 shares in the last quarter. Finally, BNP Paribas acquired a new stake in Nutrien during the 1st quarter worth approximately $1,146,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NTR opened at $47.68 on Monday. The firm has a market capitalization of $23.55 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 1.62 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. Nutrien Ltd. has a one year low of $44.65 and a one year high of $61.89. The stock’s fifty day moving average is $47.65 and its 200-day moving average is $51.14.

Nutrien (NYSE:NTR) last issued 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. The company had revenue of $10.16 billion for the quarter, compared to analyst estimates of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The company’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period last year, the company earned $2.53 earnings per share. Equities analysts anticipate that Nutrien Ltd. will post 3.75 EPS for the current year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 27th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 4.53%. Nutrien’s payout ratio is presently 135.00%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NTR. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research report on Friday, September 20th. Barclays lowered 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. TD Securities reduced their target price on Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Mizuho reduced their target price on Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group cut Nutrien from a “buy” rating to a “neutral” rating and reduced their target price for the company from $69.00 to $53.00 in a research note on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.67.

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.