Bahl & Gaynor Inc. Grows Position in Nutrien Ltd. (NYSE:NTR)

Bahl & Gaynor Inc. raised its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 4.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,102 shares of the company’s stock after buying an additional 276 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Nutrien were worth $331,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NTR. American Century Companies Inc. grew its holdings in shares of Nutrien by 23.1% during the third quarter. American Century Companies Inc. now owns 201,615 shares of the company’s stock worth $12,451,000 after buying an additional 37,836 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Nutrien by 904.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock worth $42,000 after buying an additional 678 shares in the last quarter. AustralianSuper Pty Ltd grew its holdings in shares of Nutrien by 11.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 302,506 shares of the company’s stock valued at $17,043,000 after purchasing an additional 30,084 shares during the period. CVA Family Office LLC purchased a new stake in shares of Nutrien in the fourth quarter valued at about $57,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of Nutrien in the fourth quarter valued at about $213,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 0.6 %

Shares of NTR traded up $0.28 during mid-day trading on Wednesday, hitting $49.87. 828,964 shares of the company’s stock were exchanged, compared to its average volume of 1,882,602. The stock’s 50-day moving average is $53.48 and its 200-day moving average is $52.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.15. Nutrien Ltd. has a fifty-two week low of $47.86 and a fifty-two week high of $69.12. The company has a market cap of $24.67 billion, a price-to-earnings ratio of 29.18, a P/E/G ratio of 1.64 and a beta of 0.83.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.34 by $0.11. The company had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.38 billion. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. On average, sell-side analysts anticipate that Nutrien Ltd. will post 3.83 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, June 28th were paid a $0.54 dividend. The ex-dividend date was Friday, June 28th. This represents a $2.16 annualized dividend and a yield of 4.33%. Nutrien’s dividend payout ratio is currently 126.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NTR shares. UBS Group dropped their price objective on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Piper Sandler dropped their price objective on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. Scotiabank dropped their price objective on shares of Nutrien from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, May 13th. Royal Bank of Canada decreased their target price on shares of Nutrien from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th. Finally, Mizuho raised shares of Nutrien from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Nutrien presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.63.

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.