Goehring & Rozencwajg Associates LLC Has $10.34 Million Position in Nutrien Ltd. (NYSE:NTR)

Goehring & Rozencwajg Associates LLC increased its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 9.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 203,183 shares of the company’s stock after acquiring an additional 17,500 shares during the quarter. Nutrien comprises 2.1% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 17th biggest holding. Goehring & Rozencwajg Associates LLC’s holdings in Nutrien were worth $10,344,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NTR. Family Firm Inc. acquired a new position in shares of Nutrien during the 2nd quarter worth approximately $32,000. GoalVest Advisory LLC acquired a new position in shares of Nutrien during the 1st quarter worth approximately $35,000. Trust Co. of Vermont increased its holdings in shares of Nutrien by 50.0% during the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock worth $46,000 after acquiring an additional 300 shares during the last quarter. Covestor Ltd increased its holdings in shares of Nutrien by 33.3% during the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after acquiring an additional 233 shares during the last quarter. Finally, Andra AP fonden acquired a new position in Nutrien in the 2nd quarter valued at $51,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Price Performance

Shares of NTR stock opened at $46.82 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.37. Nutrien Ltd. has a twelve month low of $44.65 and a twelve month high of $64.29. The company has a market cap of $23.16 billion, a P/E ratio of 27.38, a P/E/G ratio of 1.51 and a beta of 0.82. The business has a fifty day simple moving average of $48.09 and a 200 day simple moving average of $51.91.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, topping 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 business had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.82 billion. During the same period in the prior year, the company earned $2.53 EPS. Nutrien’s revenue for the quarter was down 12.9% on a year-over-year basis. On average, sell-side analysts forecast that Nutrien Ltd. will post 3.81 EPS for the current fiscal 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 4.61%. Nutrien’s dividend payout ratio is presently 126.32%.

Wall Street Analysts Forecast Growth

NTR has been the topic of a number of research reports. The Goldman Sachs Group lowered Nutrien from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $69.00 to $53.00 in a report on Tuesday, September 10th. Hsbc Global Res lowered Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Wells Fargo & Company decreased their price objective on Nutrien from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Mizuho decreased their price objective on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.39.

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.