Northwestern Mutual Wealth Management Co. Buys Shares of 10,492 Nutrien Ltd. $NTR

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Nutrien Ltd. (NYSE:NTR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,492 shares of the company’s stock, valued at approximately $660,000.

A number of other institutional investors also recently modified their holdings of NTR. Vanguard Group Inc. raised its stake in Nutrien by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock worth $1,386,546,000 after buying an additional 479,834 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Nutrien by 440.2% in the 4th quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock worth $1,008,713,000 after acquiring an additional 13,313,817 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Nutrien by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock valued at $821,326,000 after purchasing an additional 70,068 shares during the period. Deutsche Bank AG boosted its position in shares of Nutrien by 2.0% during the 4th quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock valued at $604,745,000 after purchasing an additional 189,683 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in shares of Nutrien by 21.2% during the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after purchasing an additional 1,559,673 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

Nutrien Price Performance

Shares of NYSE NTR opened at $73.72 on Thursday. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $66.91 and a two-hundred day simple moving average of $70.51. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36. The firm has a market cap of $35.26 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 0.74 and a beta of 0.61.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.09). The firm had revenue of $10.81 billion during the quarter, compared to the consensus estimate of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.65 earnings per share. Analysts anticipate that Nutrien Ltd. will post 4.95 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Tuesday, September 29th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, September 29th. Nutrien’s payout ratio is currently 44.53%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Mizuho dropped their price objective on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Oppenheimer decreased their target price on Nutrien from $82.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. BNP Paribas Exane raised Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Tuesday, July 28th. Weiss Ratings upgraded Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Finally, TD Securities reissued a “buy” rating on shares of Nutrien in a research note on Wednesday, May 6th. Seventeen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.58.

Nutrien Company Profile

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.