One Capital Management LLC Takes Position in Nutrien Ltd. $NTR

One Capital Management LLC bought a new stake in Nutrien Ltd. (NYSE:NTR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,950 shares of the company’s stock, valued at approximately $799,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Smith Moore & CO. boosted its holdings in shares of Nutrien by 2.2% in the third quarter. Smith Moore & CO. now owns 7,642 shares of the company’s stock valued at $449,000 after acquiring an additional 168 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Nutrien by 21.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock valued at $61,000 after acquiring an additional 176 shares in the last quarter. AMG National Trust Bank boosted its holdings in shares of Nutrien by 4.0% in the third quarter. AMG National Trust Bank now owns 4,986 shares of the company’s stock valued at $293,000 after acquiring an additional 193 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Nutrien by 27.7% in the third quarter. Bessemer Group Inc. now owns 937 shares of the company’s stock valued at $55,000 after acquiring an additional 203 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Nutrien by 11.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,103 shares of the company’s stock valued at $130,000 after acquiring an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NTR shares. JPMorgan Chase & Co. boosted their price objective on shares of Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Morgan Stanley boosted their price objective on shares of Nutrien from $77.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Oppenheimer boosted their price objective on shares of Nutrien from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. UBS Group decreased their price objective on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, May 11th. Finally, Scotiabank boosted their price objective on shares of Nutrien from $75.00 to $80.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. Eleven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.75.

Nutrien Stock Up 0.7%

Shares of NYSE NTR opened at $68.97 on Thursday. Nutrien Ltd. has a 12-month low of $53.03 and a 12-month high of $85.36. The company has a market capitalization of $33.11 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.63 and a beta of 0.60. 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 firm’s 50-day moving average is $72.56 and its two-hundred day moving average is $68.76.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. Equities analysts anticipate that Nutrien Ltd. will post 5.45 EPS for the current fiscal year.

Nutrien Announces Dividend

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

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.