Sapient Capital LLC Makes New Investment in Nutrien Ltd. (NYSE:NTR)

Sapient Capital LLC bought a new stake in shares of Nutrien Ltd. (NYSE:NTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,389 shares of the company’s stock, valued at approximately $645,000.

Several other large investors also recently modified their holdings of the stock. Exchange Traded Concepts LLC grew its holdings in shares of Nutrien by 904.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after purchasing an additional 678 shares during the last quarter. Evolution Advisers Inc. acquired a new position in Nutrien in the 4th quarter worth about $49,000. CVA Family Office LLC bought a new position in Nutrien in the fourth quarter valued at about $57,000. NBC Securities Inc. acquired a new stake in shares of Nutrien during the third quarter valued at about $58,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Nutrien during the fourth quarter valued at about $61,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of Nutrien from $88.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Wells Fargo & Company decreased their price objective on Nutrien from $77.00 to $69.00 and set an “overweight” rating for the company in a report on Monday, February 26th. HSBC reduced their price target on Nutrien from $63.00 to $57.00 and set a “hold” rating on the stock in a research report on Friday, March 8th. JPMorgan Chase & Co. cut Nutrien from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $58.00 to $48.00 in a report on Friday, February 23rd. Finally, Jefferies Financial Group started coverage on Nutrien in a report on Tuesday, March 26th. They set a “buy” rating and a $62.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Nutrien has a consensus rating of “Moderate Buy” and an average price target of $68.25.

Nutrien Trading Up 0.2 %

NYSE NTR opened at $53.02 on Monday. The stock has a market capitalization of $26.22 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.98 and a beta of 0.89. The business’s fifty day moving average is $53.34 and its 200-day moving average is $53.70. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.65. Nutrien Ltd. has a one year low of $47.90 and a one year high of $69.12.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same quarter in the previous year, the firm earned $2.02 earnings per share. The firm’s revenue was down 24.8% compared to the same quarter last year. Equities research analysts predict that Nutrien Ltd. will post 3.82 EPS for the current year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a $0.54 dividend. This is an increase from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.16 annualized dividend and a dividend yield of 4.07%. Nutrien’s dividend payout ratio (DPR) is presently 85.38%.

About Nutrien

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.