One Capital Management LLC Purchases Shares of 12,950 Nutrien Ltd. $NTR

One Capital Management LLC purchased a new stake in Nutrien Ltd. (NYSE:NTR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,950 shares of the company’s stock, valued at approximately $799,000.

Several other institutional investors and hedge funds also recently modified their holdings of NTR. Montag A & Associates Inc. raised its position in shares of Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 320 shares during the last quarter. Eastern Bank raised its position in shares of Nutrien by 133.0% in the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after buying an additional 399 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Nutrien by 97.2% in the fourth quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock valued at $43,000 after buying an additional 347 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Nutrien by 42.4% in the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock valued at $43,000 after buying an additional 219 shares during the last quarter. Finally, Fulcrum Asset Management LLP acquired a new position in shares of Nutrien in the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of NTR stock opened at $68.97 on Thursday. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36. 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 company has a 50 day moving average price of $72.56 and a 200 day moving average price of $68.76. The firm has a market capitalization of $33.11 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 0.63 and a beta of 0.60.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the prior year, the business posted $0.11 earnings per share. Nutrien’s revenue for the quarter was up 18.5% compared to the same quarter last year. Sell-side analysts anticipate that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Nutrien’s payout ratio is currently 44.81%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NTR shares. Raymond James Financial raised shares of Nutrien from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $74.00 to $90.00 in a research report on Tuesday, May 5th. Scotiabank boosted their price objective on shares of Nutrien from $75.00 to $80.00 and gave the company a “sector perform” rating in a research report on Monday, May 11th. Royal Bank Of Canada boosted their price objective on shares of Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Canadian Imperial Bank of Commerce cut their price objective on shares of Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a research report on Thursday, April 30th. Finally, Zacks Research lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Eleven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Nutrien currently has an average rating of “Moderate Buy” and an average price target of $82.75.

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.