Regency Capital Management Inc. DE Buys Shares of 27,791 Nutrien Ltd. $NTR

Regency Capital Management Inc. DE acquired a new stake in Nutrien Ltd. (NYSE:NTR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 27,791 shares of the company’s stock, valued at approximately $2,097,000.

Several other hedge funds have also recently bought and sold shares of the company. D.A. Davidson & CO. grew its position in Nutrien by 3.4% in the 1st quarter. D.A. Davidson & CO. now owns 135,043 shares of the company’s stock valued at $10,190,000 after acquiring an additional 4,390 shares in the last quarter. RFG Bristol Wealth Advisors LLC acquired a new stake in shares of Nutrien during the first quarter worth about $244,000. Bank of New York Mellon Corp lifted its position in shares of Nutrien by 190.3% during the first quarter. Bank of New York Mellon Corp now owns 1,326,262 shares of the company’s stock worth $100,080,000 after purchasing an additional 869,326 shares in the last quarter. AMG National Trust Bank lifted its position in shares of Nutrien by 19.8% during the first quarter. AMG National Trust Bank now owns 7,302 shares of the company’s stock worth $551,000 after purchasing an additional 1,205 shares in the last quarter. Finally, Legacy Capital Group California Inc. boosted its stake in shares of Nutrien by 59.1% in the first quarter. Legacy Capital Group California Inc. now owns 17,705 shares of the company’s stock valued at $1,336,000 after purchasing an additional 6,576 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Trading Down 0.4%

NTR opened at $68.37 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36. The company has a market cap of $32.77 billion, a P/E ratio of 13.93, a PEG ratio of 0.66 and a beta of 0.62. The business’s 50-day simple moving average is $66.94 and its 200-day simple moving average is $69.84.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 earnings per share. As a group, equities research analysts expect that Nutrien Ltd. will post 5.19 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed 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. This represents a $2.20 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Nutrien’s payout ratio is currently 44.81%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NTR shares. Royal Bank Of Canada upped their target price on shares of Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. UBS Group decreased their price target on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research report on Monday, May 11th. TD Securities restated a “buy” rating on shares of Nutrien in a research note on Wednesday, May 6th. Mizuho cut their price objective on Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, National Bank Financial set a $76.00 price objective on Nutrien and gave the company an “outperform” rating in a research note on Monday. Fourteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

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.