Glenorchy Capital Ltd Invests $1.70 Million in Nutrien Ltd. (NYSE:NTR)

Glenorchy Capital Ltd purchased a new position in Nutrien Ltd. (NYSE:NTR) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 30,210 shares of the company’s stock, valued at approximately $1,702,000. Nutrien accounts for 0.7% of Glenorchy Capital Ltd’s portfolio, making the stock its 29th biggest position.

Other hedge funds have also recently modified their holdings of the company. GHP Investment Advisors Inc. purchased a new stake in shares of Nutrien in the 3rd quarter worth approximately $27,000. Legacy Financial Group LLC purchased a new stake in Nutrien during the third quarter valued at approximately $28,000. Exchange Traded Concepts LLC lifted its position in Nutrien by 904.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after acquiring an additional 678 shares during the last quarter. CVA Family Office LLC purchased a new stake in Nutrien during the fourth quarter valued at approximately $57,000. Finally, NBC Securities Inc. purchased a new stake in Nutrien during the third quarter valued at approximately $58,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

NTR traded down $0.03 during midday trading on Tuesday, hitting $52.27. 1,439,120 shares of the company traded hands, compared to its average volume of 2,013,353. The company has a current ratio of 1.17, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $25.85 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.97 and a beta of 0.89. Nutrien Ltd. has a 52-week low of $47.90 and a 52-week high of $71.54. The business has a 50 day simple moving average of $53.10 and a two-hundred day simple moving average of $54.17.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.35). The company had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.36 billion. Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The business’s revenue for the quarter was down 24.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.02 earnings per share. On average, equities analysts forecast that Nutrien Ltd. will post 3.82 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a $0.54 dividend. This is an increase from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Wednesday, March 27th. Nutrien’s dividend payout ratio (DPR) is currently 85.38%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wolfe Research assumed coverage on shares of Nutrien in a research report on Friday, March 1st. They set an “outperform” rating and a $66.00 target price for the company. JPMorgan Chase & Co. cut shares of Nutrien from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $58.00 to $48.00 in a research report on Friday, February 23rd. Stifel Nicolaus increased their target price on shares of Nutrien from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 19th. CIBC decreased their target price on shares of Nutrien from $87.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Finally, BMO Capital Markets cut their price target on shares of Nutrien from $86.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Nutrien currently has an average rating of “Hold” and a consensus target price of $67.95.

About Nutrien

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.