Trexquant Investment LP Invests $3.41 Million in Nutrien Ltd. (NYSE:NTR)

Trexquant Investment LP bought a new stake in Nutrien Ltd. (NYSE:NTR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 60,444 shares of the company’s stock, valued at approximately $3,405,000.

A number of other institutional investors have also added to or reduced their stakes in the company. 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 worth $42,000 after purchasing an additional 678 shares in the last quarter. Evolution Advisers Inc. bought a new stake in Nutrien in the 4th quarter valued at $49,000. CVA Family Office LLC acquired a new position in shares of Nutrien in the 4th quarter valued at $57,000. NBC Securities Inc. bought a new position in shares of Nutrien during the 3rd quarter worth about $58,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Nutrien during the 4th quarter valued at about $61,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. BMO Capital Markets cut their price target on shares of Nutrien from $86.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Piper Sandler boosted their price target on Nutrien from $54.00 to $56.00 and gave the company an “underweight” rating in a research note on Friday, May 17th. TD Securities dropped their price objective on Nutrien from $75.00 to $67.00 and set a “buy” rating for the company in a research note on Tuesday, February 20th. Wolfe Research initiated coverage on Nutrien in a report on Friday, March 1st. They set an “outperform” rating and a $66.00 price objective for the company. Finally, Jefferies Financial Group initiated coverage on shares of Nutrien in a report on Tuesday, March 26th. They issued a “buy” rating and a $62.00 target price on the stock. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $67.32.

Nutrien Price Performance

Shares of NTR stock opened at $59.21 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. Nutrien Ltd. has a 12 month low of $47.90 and a 12 month high of $69.12. The firm has a market cap of $29.28 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 1.93 and a beta of 0.88. The stock has a 50-day moving average price of $54.72 and a 200 day moving average price of $53.86.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 21st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.35). Nutrien had a net margin of 3.01% and a return on equity of 7.31%. The business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the previous year, the firm posted $2.02 EPS. The business’s revenue was down 24.8% on a year-over-year basis. Research analysts expect that Nutrien Ltd. will post 3.9 EPS for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 28th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.65%. Nutrien’s dividend payout ratio (DPR) is presently 126.32%.

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.