Quantitative Systematic Strategies LLC Takes $1.98 Million Position in Nutrien Ltd. (NYSE:NTR)

Quantitative Systematic Strategies LLC bought a new position in Nutrien Ltd. (NYSE:NTR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 32,597 shares of the company’s stock, valued at approximately $1,976,000. Nutrien accounts for approximately 0.4% of Quantitative Systematic Strategies LLC’s investment portfolio, making the stock its 28th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in Nutrien by 4.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 144,450 shares of the company’s stock worth $7,784,000 after purchasing an additional 5,832 shares during the period. Allred Capital Management LLC purchased a new position in shares of Nutrien in the first quarter worth $55,000. Keybank National Association OH increased its position in Nutrien by 3.3% during the first quarter. Keybank National Association OH now owns 5,258 shares of the company’s stock valued at $284,000 after acquiring an additional 170 shares during the last quarter. Swiss National Bank increased its position in Nutrien by 1.2% during the first quarter. Swiss National Bank now owns 2,307,752 shares of the company’s stock valued at $124,267,000 after acquiring an additional 27,600 shares during the last quarter. Finally, Harvey Capital Management Inc. purchased a new stake in Nutrien in the first quarter worth about $1,955,000. Hedge funds and other institutional investors own 61.47% of the company’s stock.

NTR traded down $2.18 on Monday, reaching $60.87. 78,057 shares of the stock were exchanged, compared to its average volume of 1,889,364. The company’s 50-day moving average price is $60.68 and its 200 day moving average price is $59.32. The firm has a market capitalization of $34.76 billion, a PE ratio of 36.63, a PEG ratio of 1.66 and a beta of 0.95. Nutrien Ltd. has a fifty-two week low of $37.51 and a fifty-two week high of $65.93. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.40 and a quick ratio of 0.91.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Monday, August 9th. The company reported $2.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($0.02). The company had revenue of $9.76 billion for the quarter, compared to analysts’ expectations of $9.65 billion. Nutrien had a net margin of 4.25% and a return on equity of 7.23%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 EPS. As a group, equities analysts forecast that Nutrien Ltd. will post 4.66 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Thursday, September 30th will be paid a $0.46 dividend. The ex-dividend date is Wednesday, September 29th. This represents a $1.84 annualized dividend and a dividend yield of 3.02%. Nutrien’s dividend payout ratio is presently 102.22%.

A number of equities research analysts have issued reports on NTR shares. Susquehanna upgraded Nutrien from a “neutral” rating to a “positive” rating and upped their price objective for the company from $60.00 to $70.00 in a research report on Tuesday, June 29th. TheStreet upgraded Nutrien from a “c” rating to a “b-” rating in a research report on Monday, August 9th. Raymond James downgraded Nutrien from a “strong-buy” rating to an “outperform” rating and increased their price target for the stock from $75.00 to $82.00 in a report on Tuesday, June 15th. Berenberg Bank reiterated a “buy” rating and issued a $77.00 price target on shares of Nutrien in a report on Tuesday, August 31st. Finally, Zacks Investment Research upgraded Nutrien from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Friday, May 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Nutrien presently has an average rating of “Buy” and a consensus price target of $70.46.

Nutrien Company Profile

Nutrien Ltd. is a crop nutrient company, which engages in the production and distribution of products for agricultural, industrial, and feed customer. It operates through the following segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seed, and merchandise.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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