Keating Investment Counselors Inc. Acquires New Position in Nutrien Ltd. (NYSE:NTR)

Keating Investment Counselors Inc. bought a new position in shares of Nutrien Ltd. (NYSE:NTRFree Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 24,210 shares of the company’s stock, valued at approximately $1,233,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Nutrien by 3.1% during the first quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company’s stock worth $1,020,012,000 after acquiring an additional 570,912 shares during the period. Parnassus Investments LLC boosted its position in shares of Nutrien by 19.5% during the 4th quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock worth $676,928,000 after purchasing an additional 1,960,162 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Nutrien by 0.5% during the 1st quarter. First Eagle Investment Management LLC now owns 9,571,272 shares of the company’s stock worth $519,816,000 after purchasing an additional 50,369 shares during the period. TD Asset Management Inc increased its holdings in shares of Nutrien by 28.6% in the 4th quarter. TD Asset Management Inc now owns 9,226,352 shares of the company’s stock valued at $522,309,000 after purchasing an additional 2,050,358 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in shares of Nutrien by 10.6% in the first quarter. 1832 Asset Management L.P. now owns 8,839,216 shares of the company’s stock valued at $480,058,000 after purchasing an additional 844,559 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Trading Down 0.4 %

Shares of NTR opened at $46.33 on Friday. Nutrien Ltd. has a fifty-two week low of $44.90 and a fifty-two week high of $65.00. The stock has a fifty day moving average of $48.64 and a two-hundred day moving average of $52.27. 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 company has a market capitalization of $22.92 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82.

Nutrien (NYSE:NTRGet Free Report) last released its earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.19 by $0.15. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The firm had revenue of $10.16 billion during the quarter, compared to analyst estimates of $10.82 billion. During the same period in the prior year, the firm posted $2.53 earnings per share. The business’s quarterly revenue was down 12.9% compared to the same quarter last year. As a group, analysts forecast that Nutrien Ltd. will post 3.77 EPS for the current year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be given a $0.54 dividend. The ex-dividend date is Friday, September 27th. This represents a $2.16 annualized dividend and a dividend yield of 4.66%. Nutrien’s dividend payout ratio is presently 126.32%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Hsbc Global Res lowered shares of Nutrien from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. UBS Group lowered their price target on Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research report on Monday, August 12th. Scotiabank dropped their price target on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Monday, August 12th. Finally, HSBC lowered shares of Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Nutrien has an average rating of “Moderate Buy” and a consensus target price of $63.78.

Get Our Latest Stock Report on Nutrien

Nutrien Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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