Nutrien Ltd. $NTR Shares Bought by Artemis Investment Management LLP

Artemis Investment Management LLP increased its stake in Nutrien Ltd. (NYSE:NTR) by 12.5% during the third quarter, Holdings Channel.com reports. The fund owned 368,211 shares of the company’s stock after buying an additional 41,000 shares during the period. Artemis Investment Management LLP’s holdings in Nutrien were worth $25,867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Nutrien in the 2nd quarter valued at $8,363,000. BlackRock Inc. acquired a new stake in Nutrien during the 2nd quarter worth about $220,942,000. Engineers Gate Manager LP lifted its position in shares of Nutrien by 665.4% during the 2nd quarter. Engineers Gate Manager LP now owns 67,888 shares of the company’s stock valued at $4,274,000 after acquiring an additional 59,018 shares during the period. Hikari Power Ltd bought a new position in shares of Nutrien during the 2nd quarter worth about $9,443,000. Finally, Nykredit A S acquired a new stake in Nutrien in the second quarter valued at approximately $8,980,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Trading Up 0.7%

NYSE:NTR traded up $0.47 during trading hours on Thursday, reaching $70.44. The company’s stock had a trading volume of 338,834 shares, compared to its average volume of 3,057,230. The firm has a market capitalization of $33.54 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.76 and a beta of 0.68. Nutrien Ltd. has a 1 year low of $53.03 and a 1 year high of $85.36. The firm has a 50-day simple moving average of $72.97 and a 200-day simple moving average of $70.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39.

Nutrien (NYSE:NTR) last posted its quarterly 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). Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The company had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.44 billion. During the same quarter in the previous year, the business earned $2.65 earnings per share. Nutrien’s revenue was up 3.6% compared to the same quarter last year. Research analysts expect that Nutrien Ltd. will post 4.66 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be given a $0.55 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.1%. Nutrien’s payout ratio is presently 44.53%.

Analysts Set New Price Targets

NTR has been the topic of a number of analyst reports. BNP Paribas Exane upgraded shares of Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Tuesday, July 28th. Berenberg Bank set a $65.00 target price on shares of Nutrien and gave the company a “hold” rating in a research note on Wednesday, June 10th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Nutrien in a report on Monday, August 10th. Mizuho lowered their target price 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. Finally, Barclays cut their price objective on shares of Nutrien from $81.00 to $78.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Seventeen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.15.

Nutrien Company Profile

Nutrien Ltd. is a Canada-based provider of crop inputs, services and solutions for agricultural producers. The company produces and distributes potash, nitrogen and phosphate products, which are used to support crop nutrition and agricultural productivity. Its product portfolio also includes crop protection products, seed, farm supplies and other agronomic inputs.

Nutrien serves farmers through a broad retail network operating primarily across North and South America, Australia and other international markets.