Mediolanum International Funds Ltd Makes New Investment in Nutrien Ltd. (NYSE:NTR)

Mediolanum International Funds Ltd purchased a new position in Nutrien Ltd. (NYSE:NTR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 156,322 shares of the company’s stock, valued at approximately $8,490,000.

Other institutional investors have also recently made changes to their positions in the company. GoalVest Advisory LLC bought a new position in shares of Nutrien in the 1st quarter worth $35,000. Exchange Traded Concepts LLC grew its holdings in shares of Nutrien by 904.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after purchasing an additional 678 shares during the last quarter. Evolution Advisers Inc. bought a new position in shares of Nutrien during the 4th quarter valued at $49,000. CVA Family Office LLC bought a new position in shares of Nutrien during the 4th quarter valued at $57,000. Finally, Parallel Advisors LLC grew its holdings in shares of Nutrien by 41.0% during the 4th quarter. Parallel Advisors LLC now owns 1,049 shares of the company’s stock valued at $59,000 after purchasing an additional 305 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Trading Down 0.6 %

Shares of NYSE:NTR traded down $0.28 on Wednesday, hitting $48.28. The company had a trading volume of 2,939,917 shares, compared to its average volume of 1,887,051. The firm has a market capitalization of $23.88 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 1.60 and a beta of 0.83. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. Nutrien Ltd. has a 1 year low of $47.86 and a 1 year high of $69.12. The firm’s 50-day simple moving average is $54.51 and its two-hundred day simple moving average is $53.43.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The firm had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.38 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. Equities analysts anticipate that Nutrien Ltd. will post 3.84 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 28th will be paid a $0.54 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.16 annualized dividend and a dividend yield of 4.47%. Nutrien’s payout ratio is currently 126.32%.

Analysts Set New Price Targets

NTR has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on shares of Nutrien in a report on Tuesday, March 26th. They set a “buy” rating and a $62.00 target price on the stock. Piper Sandler reduced 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. Scotiabank cut their price target on shares of Nutrien from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. Wells Fargo & Company raised their price target on shares of Nutrien from $67.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Finally, UBS Group cut their price target on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.26.

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.