Ensign Peak Advisors Inc Has $2 Million Stock Position in Nutrien Ltd. (NYSE:NTR)

Ensign Peak Advisors Inc lifted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,839 shares of the company’s stock after purchasing an additional 800 shares during the period. Ensign Peak Advisors Inc’s holdings in Nutrien were worth $1,996,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Nutrien by 3.1% during the first quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company’s stock worth $1,020,012,000 after acquiring an additional 570,912 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Nutrien by 0.5% in the 1st quarter. First Eagle Investment Management LLC now owns 9,571,272 shares of the company’s stock valued at $519,816,000 after purchasing an additional 50,369 shares during the period. 1832 Asset Management L.P. lifted its stake in Nutrien by 10.6% in the 1st quarter. 1832 Asset Management L.P. now owns 8,839,216 shares of the company’s stock valued at $480,058,000 after purchasing an additional 844,559 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Nutrien by 12.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,738,597 shares of the company’s stock worth $436,580,000 after purchasing an additional 885,432 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in Nutrien by 1.7% during the fourth quarter. CIBC Asset Management Inc now owns 6,471,625 shares of the company’s stock worth $365,767,000 after purchasing an additional 110,541 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

NTR stock opened at $48.25 on Friday. The company’s 50-day moving average price is $47.74 and its two-hundred day moving average price is $51.72. The firm has a market cap of $23.87 billion, a P/E ratio of 28.22, 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 12 month low of $44.65 and a 12 month high of $63.60.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.15. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The business 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. The firm’s quarterly revenue was down 12.9% compared to the same quarter last year. On average, analysts anticipate that Nutrien Ltd. will post 3.83 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 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 4.48%. Nutrien’s payout ratio is currently 126.32%.

Analysts Set New Price Targets

NTR has been the subject of a number of recent analyst reports. TD Securities cut their price objective on Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Mizuho reduced their price objective on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. HSBC lowered shares of Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Piper Sandler reduced their target price on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. Finally, Barclays lowered their price target on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. Three research 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. According to data from MarketBeat, Nutrien presently has an average rating of “Hold” and an average target price of $61.50.

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.