Nutrien Ltd. (NYSE:NTR) Shares Purchased by APG Asset Management N.V.

APG Asset Management N.V. increased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 3.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 993,979 shares of the company’s stock after purchasing an additional 34,081 shares during the quarter. APG Asset Management N.V.’s holdings in Nutrien were worth $47,206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Family Firm Inc. purchased a new position in Nutrien during the 2nd quarter worth $32,000. GoalVest Advisory LLC purchased a new position in Nutrien during the 1st quarter worth $35,000. Trust Co. of Vermont grew its position in 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 purchasing an additional 300 shares during the last quarter. Covestor Ltd grew its position in Nutrien by 33.3% during the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after purchasing an additional 233 shares during the last quarter. Finally, Andra AP fonden purchased a new position in Nutrien during the 2nd quarter worth $51,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Performance

Shares of NTR opened at $48.25 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The stock has a market cap of $23.87 billion, a P/E ratio of 28.22, a PEG ratio of 1.55 and a beta of 0.82. The company has a 50-day moving average of $47.74 and a two-hundred day moving average of $51.72. Nutrien Ltd. has a 12-month low of $44.65 and a 12-month high of $63.60.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.15. The company had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The firm’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.53 earnings per share. As a group, research analysts predict 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. Shareholders of record on Friday, September 27th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date is Friday, September 27th. Nutrien’s payout ratio is currently 126.32%.

Analyst Ratings Changes

Several brokerages have issued reports on NTR. TD Securities lowered their price objective on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. HSBC downgraded shares of Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Piper Sandler lowered their target price on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating on the stock in a report on Tuesday, June 11th. Wells Fargo & Company downgraded shares of Nutrien from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $62.00 to $50.00 in a report on Tuesday. Finally, Mizuho lowered their target price on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Nutrien has an average rating of “Hold” and a consensus price target 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.