Scopus Asset Management L.P. Purchases New Position in Nutrien Ltd (NTR)

Scopus Asset Management L.P. purchased a new position in shares of Nutrien Ltd (NYSE:NTR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 72,000 shares of the company’s stock, valued at approximately $3,915,000.

Several other institutional investors have also modified their holdings of the business. 10 15 Associates Inc. lifted its stake in shares of Nutrien by 1.8% during the 2nd quarter. 10 15 Associates Inc. now owns 50,192 shares of the company’s stock worth $2,729,000 after purchasing an additional 897 shares during the period. Morningstar Investment Services LLC increased its holdings in shares of Nutrien by 6.8% during the 2nd quarter. Morningstar Investment Services LLC now owns 14,693 shares of the company’s stock worth $799,000 after buying an additional 933 shares during the last quarter. Thomas White International Ltd. increased its holdings in shares of Nutrien by 1.7% during the 2nd quarter. Thomas White International Ltd. now owns 67,642 shares of the company’s stock worth $3,678,000 after buying an additional 1,106 shares during the last quarter. Cypress Capital Management LLC increased its holdings in shares of Nutrien by 0.9% during the 2nd quarter. Cypress Capital Management LLC now owns 194,133 shares of the company’s stock worth $10,557,000 after buying an additional 1,653 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in shares of Nutrien by 253.2% during the 2nd quarter. Whittier Trust Co. now owns 2,790 shares of the company’s stock worth $152,000 after buying an additional 2,000 shares during the last quarter. 66.85% of the stock is currently owned by institutional investors.

A number of analysts have recently commented on the company. Raymond James upped their price objective on Nutrien from $65.00 to $67.00 and gave the stock a “strong-buy” rating in a report on Friday, August 3rd. Stephens set a $64.00 price objective on Nutrien and gave the stock a “buy” rating in a report on Monday, August 6th. Zacks Investment Research downgraded Nutrien from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Royal Bank of Canada set a $63.00 price objective on Nutrien and gave the stock a “buy” rating in a report on Thursday, August 2nd. Finally, Scotiabank restated a “buy” rating and set a $65.00 price objective on shares of Nutrien in a report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Nutrien has a consensus rating of “Buy” and a consensus price target of $61.25.

Shares of NYSE NTR opened at $55.97 on Friday. Nutrien Ltd has a 12-month low of $40.41 and a 12-month high of $58.70. The firm has a market capitalization of $34.63 billion, a P/E ratio of 45.02, a P/E/G ratio of 1.58 and a beta of 0.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.07 and a quick ratio of 1.58.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.08. Nutrien had a return on equity of 10.27% and a net margin of 9.83%. The firm had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $7.70 billion. Nutrien’s quarterly revenue was up 10.8% on a year-over-year basis. analysts forecast that Nutrien Ltd will post 2.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, September 28th will be issued a $0.40 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.60 annualized dividend and a yield of 2.86%.

About Nutrien

Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.

Read More: What does earnings per share mean?

Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

Receive News & Ratings for Nutrien Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutrien and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply