Vanguard Personalized Indexing Management LLC Buys 4,508 Shares of Nutrien Ltd. $NTR

Vanguard Personalized Indexing Management LLC increased its stake in Nutrien Ltd. (NYSE:NTR) by 29.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,664 shares of the company’s stock after purchasing an additional 4,508 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Nutrien were worth $1,145,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Harbour Investments Inc. increased its stake in shares of Nutrien by 94.8% in the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock valued at $35,000 after buying an additional 348 shares during the period. Trust Co. of Toledo NA OH bought a new position in Nutrien in the second quarter valued at about $49,000. Allworth Financial LP increased its position in Nutrien by 117.1% in the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after purchasing an additional 506 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Nutrien by 1,074.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock worth $51,000 after purchasing an additional 935 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock valued at $52,000 after purchasing an additional 1,022 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

NTR has been the subject of several analyst reports. National Bank Financial initiated coverage on shares of Nutrien in a research report on Friday, September 5th. They set a “sector perform” rating for the company. Oppenheimer lifted their target price on shares of Nutrien from $63.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Scotiabank cut their price target on Nutrien from $62.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Monday, August 11th. UBS Group reduced their price target on Nutrien from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Finally, Jefferies Financial Group dropped their price objective on Nutrien from $61.00 to $60.00 and set a “hold” rating for the company in a report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.78.

Nutrien Stock Up 1.9%

NYSE:NTR opened at $57.51 on Friday. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08. The stock has a 50-day moving average price of $57.77 and a two-hundred day moving average price of $57.57. The stock has a market cap of $27.90 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 0.94 and a beta of 0.82. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.40 billion. During the same quarter in the previous year, the business posted $2.34 EPS. Nutrien’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities analysts expect 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 was paid on Friday, October 17th. Stockholders of record on Monday, September 29th were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.18 annualized dividend and a dividend yield of 3.8%. Nutrien’s dividend payout ratio is currently 78.14%.

Nutrien Company 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.