12,375 Shares in Nutrien Ltd. $NTR Purchased by VectorGlobal IAG Inc.

VectorGlobal IAG Inc. bought a new position in shares of Nutrien Ltd. (NYSE:NTR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,375 shares of the company’s stock, valued at approximately $931,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Western Wealth Management LLC grew its stake in shares of Nutrien by 13.7% in the 1st quarter. Western Wealth Management LLC now owns 4,207 shares of the company’s stock valued at $317,000 after buying an additional 506 shares during the period. Parallel Advisors LLC raised its position in shares of Nutrien by 71.1% during the 1st quarter. Parallel Advisors LLC now owns 3,081 shares of the company’s stock valued at $233,000 after buying an additional 1,280 shares during the period. NewEdge Advisors LLC raised its position in shares of Nutrien by 30.2% during the 1st quarter. NewEdge Advisors LLC now owns 9,315 shares of the company’s stock valued at $703,000 after buying an additional 2,159 shares during the period. First Nebraska Trust Co purchased a new stake in shares of Nutrien during the 1st quarter valued at approximately $961,000. Finally, BankChampaign National Association acquired a new position in Nutrien in the first quarter valued at approximately $414,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Performance

NYSE:NTR opened at $68.98 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. The stock has a market capitalization of $33.00 billion, a P/E ratio of 14.05, a PEG ratio of 0.69 and a beta of 0.62. The company has a 50 day moving average price of $66.39 and a 200 day moving average price of $70.43. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 earnings per share. Equities research analysts forecast that Nutrien Ltd. will post 5.01 EPS for the current year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were paid a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. Nutrien’s payout ratio is presently 44.81%.

Analyst Ratings Changes

NTR has been the subject of several analyst reports. Barclays lowered their price objective on Nutrien from $85.00 to $81.00 and set an “overweight” rating for the company in a research report on Monday, July 27th. Morgan Stanley decreased their price target on Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. National Bank Financial set a $76.00 price target on Nutrien and gave the stock an “outperform” rating in a report on Monday, July 13th. Scotiabank raised Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective for the company in a research report on Tuesday, June 30th. Finally, Mizuho cut their price objective on Nutrien from $77.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Sixteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Nutrien currently has an average rating of “Moderate Buy” and an average target price of $81.84.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.