De Lisle Partners LLP Grows Position in Nutrien Ltd. (NYSE:NTR)

De Lisle Partners LLP lifted its holdings in Nutrien Ltd. (NYSE:NTR) by 28.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,000 shares of the company’s stock after buying an additional 6,000 shares during the period. De Lisle Partners LLP’s holdings in Nutrien were worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Lester Murray Antman dba SimplyRich increased its holdings in shares of Nutrien by 2.3% in the second quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company’s stock valued at $461,000 after purchasing an additional 202 shares during the last quarter. FFT Wealth Management LLC boosted its position in shares of Nutrien by 0.8% during the 2nd quarter. FFT Wealth Management LLC now owns 29,220 shares of the company’s stock valued at $1,488,000 after acquiring an additional 220 shares during the last quarter. MONECO Advisors LLC grew its holdings in shares of Nutrien by 2.4% in the second quarter. MONECO Advisors LLC now owns 9,791 shares of the company’s stock valued at $498,000 after purchasing an additional 233 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Nutrien by 6.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock worth $207,000 after purchasing an additional 263 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its stake in Nutrien by 1.1% during the second quarter. Royal London Asset Management Ltd. now owns 23,995 shares of the company’s stock worth $1,222,000 after purchasing an additional 265 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

NTR stock opened at $46.09 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of $47.97 and a 200 day moving average price of $49.91. The stock has a market cap of $22.76 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 1.64 and a beta of 0.82. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $60.87.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS. Equities research analysts anticipate that Nutrien Ltd. will post 3.56 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.15%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio (DPR) is currently 144.97%.

Analysts Set New Price Targets

NTR has been the subject of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $60.00 price target on shares of Nutrien in a report on Friday, September 20th. HSBC downgraded Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Barclays reduced their price target on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. TD Securities cut their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, BMO Capital Markets lowered their price target on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.33.

Nutrien Company Profile

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.