Princeton Capital Management LLC Takes $214,000 Position in Nutrien Ltd. (NYSE:NTR)

Princeton Capital Management LLC acquired a new stake in Nutrien Ltd. (NYSE:NTR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,531 shares of the company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new position in Nutrien during the second quarter worth $46,000. Sandy Spring Bank grew its stake in shares of Nutrien by 63.6% in the second quarter. Sandy Spring Bank now owns 759 shares of the company’s stock valued at $46,000 after buying an additional 295 shares in the last quarter. Bbva USA acquired a new stake in shares of Nutrien in the second quarter valued at $67,000. First Command Bank grew its stake in shares of Nutrien by 96.7% in the second quarter. First Command Bank now owns 1,180 shares of the company’s stock valued at $72,000 after buying an additional 580 shares in the last quarter. Finally, Accel Wealth Management grew its stake in shares of Nutrien by 241.9% in the second quarter. Accel Wealth Management now owns 1,200 shares of the company’s stock valued at $73,000 after buying an additional 849 shares in the last quarter. 61.47% of the stock is currently owned by institutional investors.

NTR has been the subject of a number of research reports. Morgan Stanley lifted their price objective on Nutrien from $62.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 16th. TheStreet raised Nutrien from a “c” rating to a “b-” rating in a research note on Monday, August 9th. HSBC boosted their target price on Nutrien from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, August 20th. Zacks Investment Research raised Nutrien from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Friday, May 28th. Finally, Bank of America upped their price objective on Nutrien from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, September 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $70.46.

Shares of NTR traded up $1.28 during mid-day trading on Wednesday, hitting $63.48. The company’s stock had a trading volume of 26,730 shares, compared to its average volume of 1,893,447. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.43. The firm has a 50-day simple moving average of $60.69 and a 200 day simple moving average of $59.43. The firm has a market capitalization of $36.25 billion, a P/E ratio of 37.74, a P/E/G ratio of 1.66 and a beta of 0.95. Nutrien Ltd. has a 1-year low of $37.51 and a 1-year high of $65.93.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Monday, August 9th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.10 by ($0.02). The business had revenue of $9.76 billion during the quarter, compared to analyst estimates of $9.65 billion. Nutrien had a net margin of 4.25% and a return on equity of 7.23%. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 earnings per share. As a group, sell-side analysts predict that Nutrien Ltd. will post 4.66 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Wednesday, September 29th. Nutrien’s dividend payout ratio (DPR) is presently 102.22%.

Nutrien Profile

Nutrien Ltd. is a crop nutrient company, which engages in the production and distribution of products for agricultural, industrial, and feed customer. It operates through the following segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seed, and merchandise.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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