DekaBank Deutsche Girozentrale Has $30.93 Million Stock Holdings in Nutrien Ltd. $NTR

DekaBank Deutsche Girozentrale boosted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 26.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 534,983 shares of the company’s stock after acquiring an additional 111,033 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Nutrien were worth $30,930,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NTR. GAMMA Investing LLC grew its holdings in shares of Nutrien by 4,866.7% in the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock valued at $52,000 after buying an additional 1,022 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Nutrien by 184.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company’s stock valued at $608,000 after buying an additional 7,934 shares during the period. Moran Wealth Management LLC grew its holdings in shares of Nutrien by 36.5% in the 1st quarter. Moran Wealth Management LLC now owns 18,729 shares of the company’s stock valued at $929,000 after buying an additional 5,008 shares during the period. Bessemer Group Inc. grew its holdings in shares of Nutrien by 163.7% in the 1st quarter. Bessemer Group Inc. now owns 1,690 shares of the company’s stock valued at $84,000 after buying an additional 1,049 shares during the period. Finally, U S Global Investors Inc. acquired a new position in shares of Nutrien in the 1st quarter valued at $869,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Trading Up 1.4%

Shares of NYSE:NTR opened at $56.77 on Thursday. The company’s 50-day moving average price is $57.80 and its two-hundred day moving average price is $57.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. Nutrien Ltd. has a one year low of $43.69 and a one year high of $65.08. The stock has a market capitalization of $27.55 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 0.92 and a beta of 0.82.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.41 by $0.24. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The firm had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.40 billion. During the same period in the previous year, the firm posted $2.34 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 29th were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 3.8%. Nutrien’s payout ratio is 78.14%.

Analyst Ratings Changes

Several brokerages have recently issued reports on NTR. UBS Group decreased their price target on shares of Nutrien from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. National Bankshares began coverage on shares of Nutrien in a research note on Friday, September 5th. They issued a “sector perform” rating and a $64.00 target price for the company. Jefferies Financial Group reduced their target price on shares of Nutrien from $61.00 to $60.00 and set a “hold” rating for the company in a research note on Tuesday, September 9th. Barclays upped their target price on shares of Nutrien from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday, July 7th. Finally, National Bank Financial began coverage on shares of Nutrien in a research note on Friday, September 5th. They issued a “sector perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Nutrien has an average rating of “Hold” and an average target price of $62.78.

About Nutrien

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.