82,321 Shares in Nutrien Ltd. $NTR Bought by Osmosis Investment Management UK Ltd

Osmosis Investment Management UK Ltd bought a new stake in Nutrien Ltd. (NYSE:NTR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 82,321 shares of the company’s stock, valued at approximately $5,184,000.

Several other institutional investors and hedge funds have also bought and sold shares of NTR. Sanctuary Advisors LLC purchased a new stake in shares of Nutrien during the 2nd quarter valued at about $2,544,000. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Nutrien in the 2nd quarter worth approximately $138,130,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Nutrien in the second quarter worth approximately $27,715,000. First Nebraska Trust Co bought a new stake in Nutrien during the second quarter valued at approximately $787,000. Finally, Bank of Nova Scotia bought a new stake in Nutrien during the second quarter valued at approximately $103,975,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Trading Up 0.1%

Nutrien stock opened at $75.36 on Monday. The firm has a 50 day moving average of $66.42 and a 200 day moving average of $70.43. The firm has a market capitalization of $36.05 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 0.76 and a beta of 0.61. Nutrien Ltd. has a 12-month low of $53.03 and a 12-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.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The firm had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.Nutrien’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.65 EPS. As a group, research analysts predict that Nutrien Ltd. will post 4.95 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Tuesday, September 29th will be paid 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 2.9%. Nutrien’s payout ratio is 44.53%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NTR. Raymond James Financial upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $74.00 to $90.00 in a research report on Tuesday, May 5th. TD Securities reissued a “buy” rating on shares of Nutrien in a research report on Wednesday, May 6th. National Bank Financial reduced their price objective on Nutrien from $76.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Wall Street Zen lowered Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings raised Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Seventeen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.