Allspring Global Investments Holdings LLC Takes $61,000 Position in Nutrien Ltd. (NYSE:NTR)

Allspring Global Investments Holdings LLC acquired a new position in shares of Nutrien Ltd. (NYSE:NTR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,081 shares of the company’s stock, valued at approximately $61,000.

A number of other hedge funds have also modified their holdings of NTR. International Assets Investment Management LLC acquired a new position in Nutrien during the 4th quarter worth approximately $3,433,000. Bleakley Financial Group LLC boosted its holdings in Nutrien by 14.8% during the fourth quarter. Bleakley Financial Group LLC now owns 6,109 shares of the company’s stock worth $344,000 after purchasing an additional 786 shares during the last quarter. QV Investors Inc. grew its position in Nutrien by 30.5% in the fourth quarter. QV Investors Inc. now owns 483,671 shares of the company’s stock valued at $27,382,000 after purchasing an additional 113,016 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in Nutrien in the 4th quarter valued at $230,000. Finally, ANTIPODES PARTNERS Ltd increased its stake in Nutrien by 18,312.9% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,595,295 shares of the company’s stock valued at $89,862,000 after buying an additional 1,586,631 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Nutrien from $88.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, February 1st. TD Securities dropped their price objective on Nutrien from $75.00 to $67.00 and set a “buy” rating on the stock in a research note on Tuesday, February 20th. Raymond James downgraded Nutrien from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $80.00 to $65.00 in a report on Friday, January 12th. BMO Capital Markets lowered their target price on shares of Nutrien from $86.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Finally, Wolfe Research started coverage on shares of Nutrien in a research report on Friday, March 1st. They set an “outperform” rating and a $66.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.25.

Nutrien Trading Up 2.9 %

Shares of NYSE:NTR opened at $54.08 on Tuesday. Nutrien Ltd. has a 12-month low of $47.90 and a 12-month high of $70.07. The business has a 50 day moving average of $53.29 and a 200-day moving average of $53.94. The company has a quick ratio of 0.65, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. The stock has a market cap of $26.75 billion, a PE ratio of 21.38, a P/E/G ratio of 1.96 and a beta of 0.89.

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

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Nutrien’s previous quarterly dividend of $0.53. Nutrien’s payout ratio is presently 85.38%.

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.