Point72 Hong Kong Ltd Has $3.33 Million Stake in Nutrien Ltd. (NYSE:NTR)

Point72 Hong Kong Ltd raised its position in shares of Nutrien Ltd. (NYSE:NTR) by 18.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,470 shares of the company’s stock after acquiring an additional 10,421 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Nutrien were worth $3,333,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NTR. HITE Hedge Asset Management LLC acquired a new position in shares of Nutrien in the 2nd quarter valued at about $3,267,000. Marshall Wace LLP acquired a new stake in Nutrien during the second quarter worth approximately $14,305,000. Bank of Montreal Can increased its holdings in Nutrien by 15.5% in the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock worth $719,668,000 after purchasing an additional 1,794,333 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in Nutrien by 141.5% in the second quarter. Evergreen Capital Management LLC now owns 176,925 shares of the company’s stock valued at $9,103,000 after buying an additional 103,679 shares during the period. Finally, Public Sector Pension Investment Board acquired a new position in Nutrien in the second quarter valued at approximately $38,176,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. TD Securities reduced their price objective on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Scotiabank reduced their price target on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a report on Monday, August 12th. Hsbc Global Res lowered shares of Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Mizuho cut their price objective on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a research report on Friday, September 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Nutrien presently has an average rating of “Hold” and a consensus price target of $61.50.

Nutrien Stock Down 1.0 %

NTR stock opened at $47.20 on Thursday. The firm has a market capitalization of $23.36 billion, a PE ratio of 27.60, a P/E/G ratio of 1.55 and a beta of 0.82. 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 $63.60. The stock’s 50 day moving average is $47.88 and its 200-day moving average is $51.78.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.15. The business had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The business’s revenue was down 12.9% on a year-over-year basis. During the same period last year, the business earned $2.53 EPS. Sell-side analysts expect that Nutrien Ltd. will post 3.83 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 27th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.58%. Nutrien’s payout ratio is presently 126.32%.

Nutrien Company 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.