As the world’s population is projected to grow rapidly over the next few decades, agricultural productivity must increase as well. And Nutrien Ltd., a global crop nutrient company that engages in the production and distribution of products for agricultural, industrial, and feed customers, plays an outsized role in this challenge.
However, recent disclosures reveal that Wells Fargo & Company MN has lowered its stake in shares of Nutrien by 5.4% in the fourth quarter. According to the most recent 13F filing with the SEC, the fund owned 410,365 shares of the company’s stock after selling 23,538 shares during the period. At the end of 2022, Wells Fargo owned about 0.08% of Nutrien worth $29,970,000.
This news could raise eyebrows among investors and industry experts alike. Nonetheless, let us take a closer look at how Nutrien operates:
The company operates through several segments: Retail (distributing crop nutrients, crop protection products, seed, and merchandise), Potash (mining potash), Nitrogen (producing nitrogen-based fertilizers), and Phosphate (extracting phosphate ore). The markets for these products are competitive but vast.
Trading up $0.06 on Monday at $58.85 per share (compared to its average volume of 2,523,201), Nutrien had a market cap of $29.19 billion with a price-to-earnings ratio of 4.63 and a beta of 0.88 – indicating relative stability and resilience among its peers.
However, potential investors should stay vigilant toward potential risks inherent to agriculture such as unpredictable weather patterns or global pandemics affecting logistics networks worldwide – factors capable of dramatically impacting both supply chains and prices.
On balance though it can be said Nutrien remains an attractive investment option given its capacity to create value for shareholders alongside contributing vitally toward guaranteeing food security.
[bs_slider_forecast ticker=”NTR”]
Nutrien Ltd.: Leading Crop Nutrient Company with Investor Confidence and Analyst Recommendations
Nutrien Ltd.: A Leading Crop Nutrient Company with Institutional Investor Confidence and Analyst Recommendations
Nutrien Ltd. (NYSE:NTR) is a crop nutrient company that produces and distributes products for agricultural, industrial, and feed customers. Established in 2018 from the merger of Potash Corporation of Saskatchewan Inc. and Agrium Inc., the firm operates through four segments: Retail, Potash, Nitrogen and Phosphate. With headquarters in Saskatoon, Canada, Nutrien has a global presence spanning six continents and over 1,500 locations.
Several institutional investors have recently modified their holdings in the company, indicating an increase in confidence levels. Price T Rowe Associates Inc. MD increased its stake by 43.1%, owning now 20,173,789 shares valued at $1,682,092,000 after purchasing an additional 6,080,975 shares in the last quarter. Capital International Investors purchased a new stake worth $521,017,000 while National Bank of Canada FI increased its holdings by 470.5% to now own 3,916,207 shares worth $285,760,000. BlackRock Inc increased its stake by 79.6% to own 3 490 036 shares worth $362 929 000 while Renaissance Technologies LLC also rose its investment portfolio by 218.4% to own now 1 001 695 shares worth $73 156 000. As such hedge funds and other investors collectively own a high percentage of Nutrien’s stock – equivalent to 64.52%.
Several equities research analysts have offered recommendations on the company’s stock with eight giving it a hold rating; eight rating it as buy; one analyst issued it as sell; according to data from Bloomberg.com the current consensus target price is USD79.50 per share.
Nutrien released its latest earnings results on May 10th reporting an EPS of $1.11, $0.43 below analysts’ consensus estimates of $1.54. The Revenue for the quarter was reported as $6.11 billion compared to the predicted $6.67 billion by analysts’ consensus data. The company has a return on equity of 23.85% and a net margin of 18.86%. Research analysts predict Nutrien will post an EPS of 7.11 in the current fiscal year.
The company recently announced its latest dividends for stockholders, which will be issued on Friday, July 14th, representing $0.53 per share and represents a dividend yield of 3.60% with an annualized dividend payout ratio (DPR) of 16.64%.
As agricultural markets continue to grow in importance, Nutrien is expected to remain a significant leader in crop nutrient production and distribution with international investors increasingly confident of its future success.