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

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,030 shares of the company’s stock, valued at approximately $52,000.

A number of other hedge funds also recently bought and sold shares of NTR. Parallel Advisors LLC raised its stake in Nutrien by 41.0% during the 4th quarter. Parallel Advisors LLC now owns 1,049 shares of the company’s stock valued at $59,000 after buying an additional 305 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Nutrien in the fourth quarter worth about $217,000. Campbell & CO Investment Adviser LLC purchased a new position in Nutrien during the fourth quarter valued at approximately $563,000. Jones Financial Companies Lllp boosted its position in shares of Nutrien by 117.0% in the fourth quarter. Jones Financial Companies Lllp now owns 2,999 shares of the company’s stock worth $169,000 after purchasing an additional 1,617 shares during the period. Finally, Belpointe Asset Management LLC purchased a new position in shares of Nutrien in the fourth quarter valued at about $245,000. Institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. TD Securities cut their price objective on Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. The Goldman Sachs Group downgraded Nutrien from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. HSBC lowered Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Scotiabank cut their price target on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a report on Monday, August 12th. Finally, Barclays decreased their target price on Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $61.50.

Nutrien Stock Down 0.4 %

Shares of Nutrien stock opened at $48.05 on Tuesday. Nutrien Ltd. has a twelve month low of $44.65 and a twelve month high of $62.53. The stock has a market cap of $23.78 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 1.56 and a beta of 0.82. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $47.65 and a 200 day moving average price of $51.63.

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

Nutrien Dividend Announcement

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. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a yield of 4.50%. Nutrien’s dividend payout ratio (DPR) is 126.32%.

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.