Stock Traders Purchase Large Volume of Nutrien Put Options (NYSE:NTR)

Nutrien Ltd (NYSE:NTR) was the target of unusually large options trading activity on Thursday. Traders acquired 9,134 put options on the stock. This is an increase of approximately 1,783% compared to the typical volume of 485 put options.

Several hedge funds and other institutional investors have recently made changes to their positions in NTR. CENTRAL TRUST Co grew its stake in shares of Nutrien by 5.5% in the 4th quarter. CENTRAL TRUST Co now owns 26,453 shares of the company’s stock valued at $1,267,000 after buying an additional 1,384 shares in the last quarter. Close Asset Management Ltd grew its stake in shares of Nutrien by 1.3% in the 4th quarter. Close Asset Management Ltd now owns 56,730 shares of the company’s stock valued at $2,717,000 after buying an additional 750 shares in the last quarter. Loveless Wealth Management LLC bought a new stake in shares of Nutrien in the 4th quarter valued at approximately $1,279,000. Heathbridge Capital Management Ltd. grew its stake in shares of Nutrien by 17.5% in the 4th quarter. Heathbridge Capital Management Ltd. now owns 600,100 shares of the company’s stock valued at $28,726,000 after buying an additional 89,550 shares in the last quarter. Finally, Financial Sense Advisors Inc. bought a new stake in shares of Nutrien in the 4th quarter valued at approximately $1,088,000. 63.40% of the stock is owned by institutional investors and hedge funds.

Several brokerages have commented on NTR. Sanford C. Bernstein upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $53.00 to $52.00 in a research report on Monday, March 2nd. Goldman Sachs Group upgraded shares of Nutrien from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $53.00 to $45.00 in a research report on Thursday, March 26th. Cleveland Research cut shares of Nutrien from a “buy” rating to a “neutral” rating in a research report on Monday, February 10th. Credit Suisse Group boosted their price target on shares of Nutrien from $41.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Susquehanna Bancshares dropped their price target on shares of Nutrien from $54.00 to $44.00 and set a “positive” rating on the stock in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $49.67.

NYSE:NTR opened at $32.93 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 0.59. Nutrien has a fifty-two week low of $23.85 and a fifty-two week high of $55.34. The stock’s 50-day moving average is $34.46 and its two-hundred day moving average is $41.18. The stock has a market cap of $18.58 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 2.35 and a beta of 0.89.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, May 6th. The company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.08). Nutrien had a net margin of 4.49% and a return on equity of 4.66%. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same period last year, the firm earned $0.20 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. On average, equities research analysts anticipate that Nutrien will post 1.74 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.80 annualized dividend and a dividend yield of 5.47%. Nutrien’s payout ratio is 82.95%.

Nutrien Company Profile

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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