Nutrien Ltd. $NTR Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP increased its holdings in Nutrien Ltd. (NYSE:NTR – Free Report) by 665.4% during the second quarter, Holdings Channel reports. The firm owned 67,888 shares of the company’s stock after purchasing an additional 59,018 shares during the period. Engineers Gate Manager LP’s holdings in Nutrien were worth $4,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. acquired a new position in Nutrien in the first quarter worth approximately $32,000. Global Retirement Partners LLC bought a new position in shares of Nutrien in the second quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Nutrien by 1,014.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock valued at $30,000 after acquiring an additional 436 shares during the last quarter. Allied Private Wealth LLC bought a new stake in shares of Nutrien during the 2nd quarter worth $33,000. Finally, Sfam LLC bought a new stake in shares of Nutrien during the 4th quarter worth $37,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Trading Down 0.3%

NYSE:NTR opened at $78.47 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36. The stock’s 50-day moving average is $70.70 and its two-hundred day moving average is $71.14. The stock has a market cap of $37.44 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 0.83 and a beta of 0.62.

Nutrien (NYSE:NTR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The company had revenue of $10.81 billion during the quarter, compared to analysts’ expectations of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.Nutrien’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $2.65 earnings per share. As a group, equities research analysts forecast that Nutrien Ltd. will post 4.71 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. Nutrien’s dividend payout ratio (DPR) is 44.53%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NTR. Morgan Stanley cut their target price on Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Wall Street Zen lowered Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. KeyCorp started coverage on Nutrien in a report on Thursday. They set a “sector weight” rating and a $73.00 price objective on the stock. Mizuho reduced their price objective on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Finally, Berenberg Bank set a $65.00 target price on shares of Nutrien and gave the stock a “hold” rating in a report on Wednesday, June 10th. Seventeen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.15.

View Our Latest Stock Report on Nutrien

Nutrien Profile

(Free Report)

Nutrien Ltd. (NYSE:NTR) is a global provider of crop inputs and agricultural services. The company produces and distributes essential nutrients, including potash, nitrogen and phosphate products, which farmers use to support crop growth and improve yields.

Through its retail operations, Nutrien supplies farmers with seed, crop protection products, fertilizers and agronomic services. Its retail network also provides farm management recommendations, application services and other solutions designed to help growers manage their operations and use agricultural inputs more efficiently.

Nutrien was formed in 2018 through the merger of Potash Corporation of Saskatchewan and Agrium.

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