Nutrien Ltd. (NYSE:NTR) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 4,866.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,043 shares of the company’s stock after purchasing an additional 1,022 shares during the quarter. GAMMA Investing LLC’s holdings in Nutrien were worth $52,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTR. Rhumbline Advisers boosted its stake in Nutrien by 3.5% during the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock worth $331,000 after buying an additional 247 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Nutrien by 138.1% in the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock valued at $42,000 after purchasing an additional 540 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Nutrien in the 4th quarter valued at $67,000. IFP Advisors Inc lifted its stake in shares of Nutrien by 30,697.8% in the 4th quarter. IFP Advisors Inc now owns 55,744 shares of the company’s stock valued at $2,495,000 after purchasing an additional 55,563 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Nutrien by 6.9% in the 4th quarter. Bank of New York Mellon Corp now owns 456,868 shares of the company’s stock valued at $20,445,000 after purchasing an additional 29,468 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

NTR stock opened at $58.65 on Thursday. The business’s fifty day moving average price is $58.11 and its 200 day moving average price is $52.71. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $65.08. The company has a market capitalization of $28.57 billion, a PE ratio of 54.81, a P/E/G ratio of 1.13 and a beta of 0.81.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter last year, the company earned $0.46 EPS. Nutrien’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.72%. Nutrien’s dividend payout ratio (DPR) is 203.74%.

Analyst Ratings Changes

NTR has been the topic of several recent analyst reports. Raymond James Financial lowered Nutrien from an “outperform” rating to a “market perform” rating and set a $68.00 price target on the stock. in a research note on Tuesday, June 17th. BNP Paribas raised Nutrien to a “strong-buy” rating in a research note on Wednesday, April 9th. Royal Bank Of Canada upped their price target on Nutrien from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, May 12th. TD Securities upped their price target on Nutrien from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Finally, UBS Group upped their price target on Nutrien from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.94.

Nutrien Profile

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.