Dimensional Fund Advisors LP Has $323.41 Million Stock Position in Nutrien Ltd. $NTR

Dimensional Fund Advisors LP raised its stake in Nutrien Ltd. (NYSE:NTR) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,509,107 shares of the company’s stock after acquiring an additional 78,842 shares during the quarter. Dimensional Fund Advisors LP owned about 1.14% of Nutrien worth $323,409,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Nutrien by 0.4% in the third quarter. Vanguard Group Inc. now owns 21,983,443 shares of the company’s stock valued at $1,291,022,000 after purchasing an additional 80,135 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Nutrien by 14.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock valued at $772,742,000 after purchasing an additional 1,627,328 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Nutrien by 48.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock valued at $696,058,000 after buying an additional 3,900,755 shares in the last quarter. TD Asset Management Inc grew its holdings in Nutrien by 16.5% in the 3rd quarter. TD Asset Management Inc now owns 7,368,861 shares of the company’s stock valued at $432,838,000 after buying an additional 1,043,766 shares in the last quarter. Finally, Norges Bank bought a new position in Nutrien during the 2nd quarter worth $395,842,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Trading Up 1.1%

Shares of Nutrien stock opened at $74.43 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 0.37. Nutrien Ltd. has a 12-month low of $45.78 and a 12-month high of $78.00. The company has a market capitalization of $35.81 billion, a price-to-earnings ratio of 15.97 and a beta of 0.70. The firm’s 50-day moving average price is $68.21 and its two-hundred day moving average price is $61.71.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The firm had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The business’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS. On average, analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be issued a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from Nutrien’s previous quarterly dividend of $0.55. Nutrien’s dividend payout ratio (DPR) is 46.78%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NTR shares. Morgan Stanley raised shares of Nutrien from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $70.00 to $77.00 in a research report on Wednesday, January 14th. Jefferies Financial Group lifted their price objective on shares of Nutrien from $60.00 to $74.00 and gave the stock a “hold” rating in a research note on Monday, February 23rd. BNP Paribas Exane downgraded shares of Nutrien from an “outperform” rating to a “neutral” rating in a report on Monday, February 23rd. Scotiabank increased their target price on shares of Nutrien from $63.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Finally, Mizuho lifted their price target on shares of Nutrien from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Nutrien has a consensus rating of “Hold” and an average price target of $72.82.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.