Bank Julius Baer & Co. Ltd Zurich Purchases New Shares in Nutrien Ltd. (NYSE:NTR)

Bank Julius Baer & Co. Ltd Zurich acquired a new position in Nutrien Ltd. (NYSE:NTR) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,832 shares of the company’s stock, valued at approximately $127,000.

A number of other large investors have also recently made changes to their positions in NTR. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Nutrien in the third quarter worth about $150,181,000. ARGA Investment Management LP lifted its stake in shares of Nutrien by 25.7% in the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock valued at $270,396,000 after purchasing an additional 1,236,671 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Nutrien by 78.8% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock worth $121,271,000 after purchasing an additional 1,100,000 shares during the period. Silchester International Investors LLP increased its position in shares of Nutrien by 9.5% during the 4th quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock valued at $523,268,000 after purchasing an additional 1,009,895 shares during the last quarter. Finally, Pacific Heights Asset Management LLC raised its holdings in Nutrien by 462.1% during the 4th quarter. Pacific Heights Asset Management LLC now owns 815,000 shares of the company’s stock valued at $36,471,000 after buying an additional 670,000 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Nutrien Price Performance

NTR opened at $51.19 on Wednesday. The company has a market capitalization of $25.05 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 1.19 and a beta of 0.81. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87. The business’s fifty day simple moving average is $50.96 and its 200-day simple moving average is $48.63.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. On average, equities research analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 4.26%. The ex-dividend date is Monday, March 31st. Nutrien’s payout ratio is 159.12%.

Analysts Set New Price Targets

Several research analysts have commented on NTR shares. Piper Sandler lifted their price objective on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. TD Securities dropped their price target on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Mizuho upped their price target on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. UBS Group raised their price objective on shares of Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Finally, Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and upped their target price for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Nutrien has an average rating of “Moderate Buy” and an average target price of $60.13.

Nutrien Company 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.