O Brien Greene & Co. Inc Raises Stake in Nutrien Ltd. (NYSE:NTR)

O Brien Greene & Co. Inc boosted its position in Nutrien Ltd. (NYSE:NTR) by 7.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,961 shares of the company’s stock after buying an additional 9,675 shares during the quarter. Nutrien makes up approximately 2.3% of O Brien Greene & Co. Inc’s portfolio, making the stock its 17th biggest position. O Brien Greene & Co. Inc’s holdings in Nutrien were worth $7,176,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Nutrien by 3.1% in the first quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company’s stock worth $1,020,012,000 after buying an additional 570,912 shares in the last quarter. Parnassus Investments LLC boosted its stake in Nutrien by 19.5% in the fourth quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock worth $676,928,000 after buying an additional 1,960,162 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Nutrien by 0.5% in the first quarter. First Eagle Investment Management LLC now owns 9,571,272 shares of the company’s stock worth $519,816,000 after buying an additional 50,369 shares in the last quarter. TD Asset Management Inc boosted its stake in Nutrien by 28.6% in the fourth quarter. TD Asset Management Inc now owns 9,226,352 shares of the company’s stock worth $522,309,000 after buying an additional 2,050,358 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in Nutrien by 10.6% in the first quarter. 1832 Asset Management L.P. now owns 8,839,216 shares of the company’s stock worth $480,058,000 after buying an additional 844,559 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NTR shares. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a research note on Monday, August 12th. Barclays dropped their price objective on Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 16th. The Goldman Sachs Group lowered Nutrien from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $69.00 to $53.00 in a research note on Tuesday, September 10th. HSBC lowered Nutrien from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets dropped their price objective on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.39.

Nutrien Trading Up 0.7 %

Nutrien stock opened at $46.92 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. Nutrien Ltd. has a one year low of $44.65 and a one year high of $64.54. The stock has a market capitalization of $23.21 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 1.51 and a beta of 0.82. The business’s fifty day moving average is $48.11 and its 200 day moving average is $51.95.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.19 by $0.15. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The company had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $10.82 billion. During the same period last year, the firm posted $2.53 earnings per share. Nutrien’s revenue was down 12.9% compared to the same quarter last year. On average, sell-side analysts predict that Nutrien Ltd. will post 3.81 EPS for the current year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 4.60%. Nutrien’s payout ratio is 126.32%.

Nutrien Profile

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.