Lombard Odier Asset Management Switzerland SA Buys 9,977 Shares of Nutrien Ltd. $NTR

Lombard Odier Asset Management Switzerland SA grew its stake in shares of Nutrien Ltd. (NYSE:NTR) by 41.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,070 shares of the company’s stock after buying an additional 9,977 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Nutrien were worth $2,571,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Nutrien by 65.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock valued at $1,253,000 after purchasing an additional 9,950 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Nutrien by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock valued at $343,000 after purchasing an additional 404 shares during the last quarter. Focus Partners Wealth purchased a new position in Nutrien in the 1st quarter worth $516,000. Acadian Asset Management LLC purchased a new position in Nutrien in the 1st quarter worth $54,000. Finally, Prudential Financial Inc. purchased a new position in Nutrien in the 2nd quarter worth $203,000. 63.10% of the stock is owned by institutional investors.

Nutrien Price Performance

Shares of NYSE:NTR opened at $68.18 on Monday. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36. 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 fifty day moving average price of $66.52 and a 200-day moving average price of $70.09. The company has a market capitalization of $32.61 billion, a PE ratio of 13.89, a PEG ratio of 0.67 and a beta of 0.62.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the previous year, the firm earned $0.11 EPS. Nutrien’s revenue was up 18.5% on a year-over-year basis. As a group, equities analysts expect that Nutrien Ltd. will post 5.08 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th were paid a $0.55 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.2%. Nutrien’s payout ratio is presently 44.81%.

Analyst Ratings Changes

Several brokerages recently weighed in on NTR. TD Securities restated a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. Scotiabank raised Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price target on the stock in a research note on Tuesday, June 30th. Oppenheimer lowered their price objective on Nutrien from $82.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday. Wall Street Zen lowered Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Canadian Imperial Bank of Commerce cut their target price on shares of Nutrien from $90.00 to $88.00 and set an “outperformer” rating on the stock in a report on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.89.

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.