Mawer Investment Management Ltd. grew its position in Nutrien Ltd (NYSE:NTR) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,640,193 shares of the company’s stock after purchasing an additional 14,776 shares during the period. Mawer Investment Management Ltd.’s holdings in Nutrien were worth $195,155,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Mid Atlantic Financial Management Inc. ADV boosted its position in Nutrien by 22.0% during the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 4,785 shares of the company’s stock worth $256,000 after purchasing an additional 862 shares in the last quarter. Noesis Capital Mangement Corp boosted its position in Nutrien by 11.1% during the second quarter. Noesis Capital Mangement Corp now owns 55,655 shares of the company’s stock worth $2,975,000 after purchasing an additional 5,565 shares in the last quarter. Enlightenment Research LLC purchased a new position in Nutrien during the second quarter worth approximately $294,000. Cypress Capital Management LLC boosted its position in Nutrien by 4.1% during the second quarter. Cypress Capital Management LLC now owns 199,089 shares of the company’s stock worth $10,643,000 after purchasing an additional 7,903 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC boosted its position in Nutrien by 334.7% during the second quarter. Massey Quick Simon & CO. LLC now owns 1,304 shares of the company’s stock worth $70,000 after purchasing an additional 1,004 shares in the last quarter. Hedge funds and other institutional investors own 66.63% of the company’s stock.
Shares of NYSE NTR traded down $0.89 during midday trading on Friday, hitting $48.70. The stock had a trading volume of 37,951 shares, compared to its average volume of 1,558,898. The company has a market capitalization of $28.09 billion, a PE ratio of 18.16, a P/E/G ratio of 2.16 and a beta of 0.87. The stock has a 50 day simple moving average of $51.35 and a 200-day simple moving average of $52.31. Nutrien Ltd has a 1 year low of $43.96 and a 1 year high of $58.99.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Nutrien’s previous quarterly dividend of $0.43. Nutrien’s dividend payout ratio (DPR) is currently 63.94%.
A number of equities analysts have issued reports on the company. Raymond James reiterated a “strong-buy” rating and set a $70.00 price target on shares of Nutrien in a research report on Tuesday, July 30th. TD Securities increased their price target on Nutrien from $68.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets set a $60.00 target price on Nutrien and gave the company a “buy” rating in a research report on Wednesday, July 31st. Bank of America upgraded Nutrien from an “underperform” rating to a “neutral” rating in a research report on Friday, August 16th. Finally, Citigroup set a $61.00 target price on Nutrien and gave the company a “buy” rating in a research report on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Nutrien has an average rating of “Buy” and an average target price of $62.00.
Nutrien Company Profile
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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