Capital International Investors Has $344.16 Million Holdings in Nutrien Ltd. $NTR

Capital International Investors raised its holdings in Nutrien Ltd. (NYSE:NTR) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,575,762 shares of the company’s stock after buying an additional 36,117 shares during the quarter. Capital International Investors owned 1.16% of Nutrien worth $344,161,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Nutrien by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after buying an additional 479,834 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Nutrien by 19.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after buying an additional 2,276,651 shares during the period. First Eagle Investment Management LLC lifted its stake in Nutrien by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock valued at $821,326,000 after buying an additional 70,068 shares during the period. TD Asset Management Inc lifted its stake in Nutrien by 21.2% in the fourth quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after buying an additional 1,559,673 shares during the period. Finally, Norges Bank acquired a new position in Nutrien in the fourth quarter valued at approximately $412,635,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTR has been the topic of several recent analyst reports. Jefferies Financial Group raised Nutrien from a “hold” rating to a “buy” rating and boosted their price target for the company from $74.00 to $96.00 in a research note on Thursday, March 12th. UBS Group dropped their price target on Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research note on Monday, May 11th. Zacks Research lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. BMO Capital Markets boosted their price target on Nutrien from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Finally, Wells Fargo & Company raised Nutrien from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $77.00 to $100.00 in a research note on Friday, March 13th. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Nutrien has an average rating of “Moderate Buy” and a consensus price target of $82.75.

Nutrien Trading Down 0.0%

NYSE NTR opened at $67.17 on Monday. The company has a market cap of $32.24 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 0.62 and a beta of 0.60. Nutrien Ltd. has a 52 week low of $53.03 and a 52 week high of $85.36. The business has a 50 day moving average price of $72.22 and a 200-day moving average price of $68.90. 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 (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. As a group, equities analysts expect that Nutrien Ltd. will post 5.45 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company 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 is Tuesday, June 30th. This represents a $2.20 annualized dividend and a dividend yield of 3.3%. Nutrien’s payout ratio is currently 44.81%.

Nutrien Company 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.