Allianz Asset Management GmbH Increases Stake in Nutrien Ltd. $NTR

Allianz Asset Management GmbH raised its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 39.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,914,185 shares of the company’s stock after buying an additional 541,322 shares during the period. Allianz Asset Management GmbH’s holdings in Nutrien were worth $118,307,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brandes Investment Partners LP lifted its holdings in shares of Nutrien by 4.0% in the 4th quarter. Brandes Investment Partners LP now owns 1,859,268 shares of the company’s stock worth $114,755,000 after acquiring an additional 71,273 shares during the last quarter. Cerity Partners LLC lifted its stake in Nutrien by 47.3% during the 4th quarter. Cerity Partners LLC now owns 18,121 shares of the company’s stock valued at $1,118,000 after acquiring an additional 5,822 shares during the period. LPL Financial LLC increased its holdings in shares of Nutrien by 4.6% during the 4th quarter. LPL Financial LLC now owns 140,851 shares of the company’s stock valued at $8,693,000 after purchasing an additional 6,238 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Nutrien by 65.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 159,680 shares of the company’s stock worth $9,856,000 after buying an additional 62,960 shares in the last quarter. Finally, Manchester Capital Management LLC grew its holdings in shares of Nutrien by 117.4% during the fourth quarter. Manchester Capital Management LLC now owns 813 shares of the company’s stock worth $50,000 after buying an additional 439 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Trading Down 2.0%

Shares of NYSE NTR opened at $65.05 on Thursday. The business has a fifty day simple moving average of $71.68 and a 200-day simple moving average of $69.11. The company has a market cap of $31.23 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 0.61 and a beta of 0.60. 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 12 month low of $53.03 and a 12 month high of $85.36.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the prior year, the business earned $0.11 EPS. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. Sell-side analysts predict that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Dividend Announcement

The business also recently disclosed 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 of this dividend is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.4%. Nutrien’s dividend payout ratio is currently 44.81%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NTR shares. BNP Paribas Exane cut shares of Nutrien from an “outperform” rating to a “neutral” rating in a research report on Monday, February 23rd. Raymond James Financial raised Nutrien from a “market perform” rating to an “outperform” rating and raised their target price for the company from $74.00 to $90.00 in a report on Tuesday, May 5th. Barclays lifted their price objective on Nutrien from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company raised Nutrien from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $77.00 to $100.00 in a research note on Friday, March 13th. Finally, Berenberg Bank set a $65.00 price objective on Nutrien and gave the stock a “hold” rating in a report on Wednesday. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.71.

Nutrien Profile

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.