Tejara Capital Ltd Invests $1.04 Million in Nutrien Ltd. $NTR

Tejara Capital Ltd acquired a new stake in Nutrien Ltd. (NYSE:NTR) in the second quarter, Holdings Channel reports. The firm acquired 16,500 shares of the company’s stock, valued at approximately $1,039,000.

A number of other hedge funds also recently added to or reduced their stakes in NTR. PCM Encore LLC acquired a new position in shares of Nutrien in the second quarter worth $636,000. Vise Technologies Inc. acquired a new stake in shares of Nutrien in the second quarter valued at $784,000. Tocqueville Asset Management L.P. acquired a new stake in shares of Nutrien in the second quarter valued at $10,769,000. Tacita Capital Inc purchased a new position in Nutrien in the second quarter valued at $267,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in Nutrien during the 2nd quarter worth $51,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NTR shares. Berenberg Bank set a $65.00 price target on Nutrien and gave the company a “hold” rating in a research report on Wednesday, June 10th. Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Scotia raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price on the stock in a report on Tuesday, June 30th. Weiss Ratings upgraded shares of Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Finally, Raymond James Financial upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $74.00 to $90.00 in a report on Tuesday, May 5th. Seventeen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.58.

Nutrien Stock Up 3.8%

Shares of NYSE:NTR opened at $73.19 on Friday. The firm has a 50 day simple moving average of $66.26 and a 200-day simple moving average of $70.38. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $35.01 billion, a PE ratio of 14.82, a P/E/G ratio of 0.70 and a beta of 0.61.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.09). Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The company had revenue of $10.81 billion for the quarter, compared to analyst estimates of $10.44 billion. During the same quarter in the prior year, the business earned $2.65 earnings per share. Nutrien’s revenue was up 3.6% compared to the same quarter last year. On average, equities analysts predict that Nutrien Ltd. will post 5.01 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.0%. Nutrien’s payout ratio is 44.53%.

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.