Nutrien Ltd. $NTR Shares Acquired by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lifted its position in Nutrien Ltd. (NYSE:NTR) by 123.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,828 shares of the company’s stock after purchasing an additional 29,694 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Nutrien were worth $4,050,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NTR. Swiss Life Asset Management Ltd grew its position in shares of Nutrien by 23.6% during the third quarter. Swiss Life Asset Management Ltd now owns 79,770 shares of the company’s stock worth $4,691,000 after acquiring an additional 15,230 shares during the last quarter. MH & Associates Securities Management Corp ADV purchased a new stake in Nutrien in the 4th quarter valued at $1,967,000. Hudson Bay Capital Management LP raised its position in Nutrien by 190.3% in the 3rd quarter. Hudson Bay Capital Management LP now owns 116,312 shares of the company’s stock valued at $6,829,000 after purchasing an additional 76,244 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in Nutrien by 4.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,359,022 shares of the company’s stock valued at $145,257,000 after purchasing an additional 94,510 shares during the last quarter. Finally, KKM Financial LLC boosted its stake in Nutrien by 28.2% during the 3rd quarter. KKM Financial LLC now owns 77,106 shares of the company’s stock worth $4,527,000 after purchasing an additional 16,977 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on NTR. Wall Street Zen downgraded shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Oppenheimer upped their price objective on Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Berenberg Bank set a $65.00 price objective on Nutrien and gave the stock a “hold” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. lifted their target price on Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, TD Securities reissued a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.61.

Nutrien Stock Up 3.4%

NTR opened at $67.64 on Tuesday. 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 business has a 50 day simple moving average of $67.23 and a 200-day simple moving average of $69.77. The stock has a market capitalization of $32.42 billion, a P/E ratio of 13.78, a P/E/G ratio of 0.63 and a beta of 0.62. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (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 the consensus estimate of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 EPS. On average, equities analysts anticipate that Nutrien Ltd. will post 5.19 earnings per share for the current fiscal year.

Nutrien Announces Dividend

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

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.