Four Tree Island Advisory LLC Invests $688,000 in Nutrien Ltd. $NTR

Four Tree Island Advisory LLC acquired a new position in shares of Nutrien Ltd. (NYSE:NTR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,928 shares of the company’s stock, valued at approximately $688,000. Nutrien makes up approximately 0.2% of Four Tree Island Advisory LLC’s portfolio, making the stock its 19th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Montag A & Associates Inc. grew its stake in Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares in the last quarter. Evolution Wealth Management Inc. purchased a new stake in shares of Nutrien during the 1st quarter worth about $32,000. Global Retirement Partners LLC purchased a new stake in shares of Nutrien during the 2nd quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Nutrien by 1,014.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock valued at $30,000 after buying an additional 436 shares during the last quarter. Finally, Allied Private Wealth LLC acquired a new stake in shares of Nutrien during the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

NTR opened at $69.40 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39. The company has a market cap of $33.20 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.68 and a beta of 0.61. The stock has a 50-day moving average of $66.01 and a 200-day moving average of $70.36. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The company had revenue of $10.81 billion during the quarter, compared to the consensus estimate of $10.44 billion. During the same period in the previous year, the business posted $2.65 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts forecast that Nutrien Ltd. will post 5.01 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, September 29th. Nutrien’s dividend payout ratio (DPR) is 44.53%.

Analyst Ratings Changes

Several equities research analysts recently commented on NTR shares. Oppenheimer lowered their price target on Nutrien from $82.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Raymond James Financial raised shares of Nutrien from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $74.00 to $90.00 in a research report on Tuesday, May 5th. UBS Group reduced their target price on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research note on Monday, May 11th. Barclays dropped their price target on shares of Nutrien from $81.00 to $78.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Finally, Berenberg Bank set a $65.00 price target on shares of Nutrien and gave the company a “hold” rating in a report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.58.

About Nutrien

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.