Capital International Inc. CA Grows Stake in Nutrien Ltd. $NTR

Capital International Inc. CA increased its stake in Nutrien Ltd. (NYSE:NTR) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 645,764 shares of the company’s stock after acquiring an additional 21,827 shares during the period. Capital International Inc. CA owned approximately 0.13% of Nutrien worth $39,859,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Nutrien by 65.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock valued at $1,253,000 after buying an additional 9,950 shares during the period. NewEdge Advisors LLC raised its stake in shares of Nutrien by 6.2% during the first quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock valued at $343,000 after acquiring an additional 404 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Nutrien during the first quarter valued at approximately $516,000. Acadian Asset Management LLC purchased a new position in shares of Nutrien in the 1st quarter valued at $54,000. Finally, Prudential Financial Inc. purchased a new position in shares of Nutrien in the 2nd quarter valued at $203,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

NTR has been the topic of a number of recent analyst reports. Royal Bank Of Canada upped their price target on Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Raymond James Financial raised Nutrien from a “market perform” rating to an “outperform” rating and upped their target price for the company from $74.00 to $90.00 in a research report on Tuesday, May 5th. Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Wells Fargo & Company raised Nutrien from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $77.00 to $100.00 in a research report on Friday, March 13th. Finally, TD Securities reissued a “buy” rating on shares of Nutrien in a research report on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Nutrien presently has a consensus rating of “Moderate Buy” and an average price target of $82.75.

Nutrien Trading Down 2.6%

NTR stock opened at $67.17 on Friday. The firm has a market cap of $32.24 billion, a P/E ratio of 13.68, a PEG ratio of 0.62 and a beta of 0.60. The company’s 50-day simple moving average is $72.22 and its 200-day simple moving average is $68.81. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. Nutrien’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company posted $0.11 EPS. As a group, equities analysts forecast that Nutrien Ltd. will post 5.45 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.55 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.3%. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

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.