Neuberger Berman Group LLC Purchases 42,142 Shares of Nutrien Ltd. $NTR

Neuberger Berman Group LLC lifted its position in Nutrien Ltd. (NYSE:NTR) by 22.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 231,849 shares of the company’s stock after purchasing an additional 42,142 shares during the period. Neuberger Berman Group LLC’s holdings in Nutrien were worth $13,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of NTR. Norges Bank purchased a new stake in Nutrien in the 2nd quarter worth $395,842,000. Quadrature Capital Ltd purchased a new stake in Nutrien during the 2nd quarter valued at approximately $349,000. Level Four Advisory Services LLC lifted its holdings in shares of Nutrien by 12.4% in the second quarter. Level Four Advisory Services LLC now owns 5,949 shares of the company’s stock worth $347,000 after buying an additional 655 shares in the last quarter. Employees Retirement System of Texas bought a new position in shares of Nutrien during the second quarter worth $247,000. Finally, Advisors Asset Management Inc. lifted its stake in Nutrien by 20.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 69,551 shares of the company’s stock worth $4,051,000 after purchasing an additional 11,704 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

NTR has been the topic of a number of research reports. Mizuho reduced their price objective on Nutrien from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Oppenheimer reaffirmed an “outperform” rating on shares of Nutrien in a research note on Wednesday, October 22nd. Bank of America reissued a “neutral” rating and issued a $67.00 price objective on shares of Nutrien in a research note on Tuesday, October 14th. Wall Street Zen downgraded shares of Nutrien from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Finally, UBS Group cut their target price on Nutrien from $63.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Nutrien presently has a consensus rating of “Hold” and an average target price of $62.94.

Nutrien Stock Up 1.6%

NTR stock opened at $58.33 on Friday. The company has a market capitalization of $28.20 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08. The firm’s fifty day simple moving average is $57.58 and its 200-day simple moving average is $58.41. 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 (NYSE:NTR) last issued its earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.06. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The firm had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter last year, the company posted $0.39 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, December 31st. Nutrien’s dividend payout ratio is currently 58.76%.

Nutrien Profile

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.