Lombard Odier Asset Management Switzerland SA Raises Stock Position in Nutrien Ltd. $NTR

Lombard Odier Asset Management Switzerland SA lifted its position in Nutrien Ltd. (NYSE:NTR) by 41.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,070 shares of the company’s stock after acquiring an additional 9,977 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Nutrien were worth $2,571,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. MH & Associates Securities Management Corp ADV purchased a new position in shares of Nutrien during the fourth quarter worth $1,967,000. TD Waterhouse Canada Inc. lifted its position in Nutrien by 4.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,359,022 shares of the company’s stock valued at $145,257,000 after purchasing an additional 94,510 shares during the period. Vanguard Group Inc. boosted its holdings in Nutrien by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after purchasing an additional 479,834 shares during the last quarter. BCS Private Wealth Management Inc. boosted its holdings in Nutrien by 501.5% in the fourth quarter. BCS Private Wealth Management Inc. now owns 65,913 shares of the company’s stock valued at $4,104,000 after purchasing an additional 54,955 shares during the last quarter. Finally, Black Creek Investment Management Inc. boosted its holdings in Nutrien by 7.9% in the fourth quarter. Black Creek Investment Management Inc. now owns 2,553,108 shares of the company’s stock valued at $157,796,000 after purchasing an additional 185,864 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Trading Up 0.1%

Shares of NTR stock opened at $68.18 on Monday. The company’s 50-day moving average price is $66.52 and its 200-day moving average price is $70.09. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The stock has a market cap of $32.61 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 0.67 and a beta of 0.62. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. As a group, equities analysts predict that Nutrien Ltd. will post 5.08 earnings per share for the current year.

Nutrien Dividend Announcement

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

Analysts Set New Price Targets

NTR has been the subject of several recent research reports. Scotiabank raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price for the company in a report on Tuesday, June 30th. Royal Bank Of Canada increased their price target on shares of Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. JPMorgan Chase & Co. raised their price target on shares of Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. UBS Group cut their price objective on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a report on Monday, May 11th. Finally, TD Securities reiterated a “buy” rating on shares of Nutrien in a research report on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.89.

Nutrien 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.