35,339 Shares in Nutrien Ltd. $NTR Acquired by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC bought a new stake in Nutrien Ltd. (NYSE:NTR) in the second quarter, HoldingsChannel reports. The fund bought 35,339 shares of the company’s stock, valued at approximately $2,225,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Montag A & Associates Inc. raised its stake in Nutrien by 310.7% during the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Nutrien by 1,014.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock valued at $30,000 after buying an additional 436 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Nutrien during the 2nd quarter worth $30,000. Evolution Wealth Management Inc. purchased a new position in shares of Nutrien in the 1st quarter worth $32,000. Finally, Allied Private Wealth LLC purchased a new position in shares of Nutrien in the 2nd quarter worth $33,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NTR. Weiss Ratings raised Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Nutrien in a research note on Monday, August 10th. Oppenheimer cut their price target on shares of Nutrien from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Finally, BNP Paribas Exane raised shares of Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Tuesday, July 28th. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Nutrien presently has an average rating of “Moderate Buy” and a consensus target price of $81.58.

Nutrien Trading Down 2.0%

NYSE:NTR opened at $72.81 on Wednesday. The business’s 50-day moving average is $66.73 and its two-hundred day moving average is $70.47. The firm has a market capitalization of $34.83 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 0.75 and a beta of 0.61. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). The company had revenue of $10.81 billion during the quarter, compared to analysts’ expectations of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.Nutrien’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.65 EPS. Research analysts predict that Nutrien Ltd. will post 4.95 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $2.20 annualized dividend and a yield of 3.0%. Nutrien’s dividend payout ratio (DPR) is 44.53%.

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.