Oxbow Advisors LLC Raises Position in Nutrien Ltd. (NYSE:NTR)

Oxbow Advisors LLC grew its position in shares of Nutrien Ltd. (NYSE:NTR) by 1.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 70,805 shares of the company’s stock after acquiring an additional 1,256 shares during the period. Oxbow Advisors LLC’s holdings in Nutrien were worth $3,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC bought a new stake in shares of Nutrien during the second quarter valued at approximately $2,639,000. Vanguard Group Inc. grew its position in shares of Nutrien by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 18,210,375 shares of the company’s stock worth $1,025,790,000 after buying an additional 158,161 shares during the period. SG Americas Securities LLC grew its position in shares of Nutrien by 370.1% in the 1st quarter. SG Americas Securities LLC now owns 58,041 shares of the company’s stock worth $3,152,000 after buying an additional 45,695 shares during the period. BNP Paribas bought a new position in shares of Nutrien in the 1st quarter worth about $1,146,000. Finally, Wellington Management Group LLP lifted its position in Nutrien by 54.3% during the 4th quarter. Wellington Management Group LLP now owns 841,144 shares of the company’s stock valued at $47,620,000 after acquiring an additional 296,122 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

Nutrien stock traded down $0.18 during mid-day trading on Friday, reaching $46.33. 2,093,498 shares of the stock traded hands, compared to its average volume of 1,910,366. Nutrien Ltd. has a 12-month low of $44.90 and a 12-month high of $65.00. The business’s 50-day moving average is $48.64 and its 200-day moving average is $52.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. The stock 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:NTR) last released its quarterly 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. The firm had revenue of $10.16 billion during the quarter, compared to analyst estimates of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The business’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.53 EPS. As a group, sell-side analysts predict that Nutrien Ltd. will post 3.77 EPS for the current fiscal year.

Nutrien Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NTR shares. TD Securities cut their price objective on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Wells Fargo & Company reduced their price objective on Nutrien from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a report on Monday, August 12th. Barclays reduced their price target on Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Finally, HSBC cut shares of Nutrien from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.78.

About Nutrien

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.