Goehring & Rozencwajg Associates LLC Grows Stock Position in Nutrien Ltd. $NTR

Goehring & Rozencwajg Associates LLC grew its position in shares of Nutrien Ltd. (NYSE:NTR) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 825,437 shares of the company’s stock after buying an additional 45,199 shares during the period. Nutrien comprises 4.9% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 6th largest position. Goehring & Rozencwajg Associates LLC owned 0.17% of Nutrien worth $50,946,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Swiss Life Asset Management Ltd lifted its holdings in Nutrien by 23.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 79,770 shares of the company’s stock worth $4,691,000 after buying an additional 15,230 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Nutrien by 1.4% during the 3rd quarter. Van ECK Associates Corp now owns 1,854,650 shares of the company’s stock worth $108,901,000 after buying an additional 25,588 shares during the last quarter. MH & Associates Securities Management Corp ADV bought a new position in Nutrien during the 4th quarter worth approximately $1,967,000. Hudson Bay Capital Management LP lifted its holdings in Nutrien by 190.3% during the 3rd quarter. Hudson Bay Capital Management LP now owns 116,312 shares of the company’s stock worth $6,829,000 after buying an additional 76,244 shares during the last quarter. Finally, Metis Global Partners LLC lifted its holdings in shares of Nutrien by 37.8% in the 3rd quarter. Metis Global Partners LLC now owns 220,648 shares of the company’s stock worth $12,958,000 after purchasing an additional 60,491 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NTR. BNP Paribas Exane downgraded Nutrien from an “outperform” rating to a “neutral” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. raised their price target on Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. TD Securities reissued a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. Oppenheimer lifted their target price on Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Barclays lifted their target price on Nutrien from $70.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.71.

Nutrien Stock Up 3.2%

Shares of Nutrien stock opened at $67.65 on Friday. The business’s fifty day moving average price is $71.34 and its two-hundred day moving average price is $69.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. The company has a market capitalization of $32.47 billion, a P/E ratio of 13.78, a PEG ratio of 0.60 and a beta of 0.60. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. As a group, research analysts forecast that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 annualized dividend and a dividend yield of 3.3%. Nutrien’s dividend payout ratio (DPR) is 44.81%.

About Nutrien

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.