First Nebraska Trust Co Buys New Shares in Nutrien Ltd. $NTR

First Nebraska Trust Co bought a new position in Nutrien Ltd. (NYSE:NTR) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,736 shares of the company’s stock, valued at approximately $961,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guggenheim Capital LLC increased its holdings in shares of Nutrien by 2.2% in the fourth quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock valued at $409,000 after purchasing an additional 145 shares during the period. Minot DeBlois Advisors LLC boosted its position in Nutrien by 1.8% in the fourth quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock valued at $557,000 after buying an additional 164 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in Nutrien by 15.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock worth $90,000 after buying an additional 164 shares during the period. Gould Asset Management LLC CA raised its position in Nutrien by 4.4% during the 1st quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company’s stock worth $297,000 after buying an additional 165 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Nutrien by 21.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock worth $61,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NYSE NTR opened at $68.98 on Friday. The firm has a market cap of $33.00 billion, a PE ratio of 14.05, a PEG ratio of 0.69 and a beta of 0.62. The firm has a fifty day moving average of $66.39 and a 200 day moving average of $70.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating 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 business’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 earnings per share. As a group, research analysts predict that Nutrien Ltd. will post 5.01 EPS for the current fiscal year.

Nutrien Announces Dividend

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

Analyst Upgrades and Downgrades

NTR has been the topic of several recent research reports. Weiss Ratings raised shares of Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Berenberg Bank set a $65.00 target price on shares of Nutrien and gave the stock a “hold” rating in a report on Wednesday, June 10th. BNP Paribas Exane upgraded shares of Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Tuesday. Royal Bank Of Canada upped their price target on shares of Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Finally, Bank of America raised Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Thursday, April 30th. Sixteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $81.84.

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.