Brandes Investment Partners LP Purchases 71,273 Shares of Nutrien Ltd. $NTR

Brandes Investment Partners LP raised its position in shares of Nutrien Ltd. (NYSE:NTR) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,859,268 shares of the company’s stock after acquiring an additional 71,273 shares during the quarter. Brandes Investment Partners LP owned approximately 0.39% of Nutrien worth $114,755,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Nutrien in the 4th quarter worth approximately $412,635,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Nutrien by 19.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock worth $834,962,000 after purchasing an additional 2,276,651 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Nutrien by 21.2% in the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock worth $551,821,000 after purchasing an additional 1,559,673 shares in the last quarter. Black Creek Investment Management Inc. boosted its position in shares of Nutrien by 57.3% in the 3rd quarter. Black Creek Investment Management Inc. now owns 2,367,244 shares of the company’s stock worth $139,050,000 after purchasing an additional 862,487 shares in the last quarter. Finally, Man Group plc boosted its position in shares of Nutrien by 5,178.4% in the 3rd quarter. Man Group plc now owns 775,919 shares of the company’s stock worth $45,577,000 after purchasing an additional 761,219 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on NTR. Oppenheimer boosted their price target on Nutrien from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Barclays boosted their price target on Nutrien from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Canadian Imperial Bank of Commerce dropped their price target on Nutrien from $90.00 to $88.00 and set an “outperformer” rating on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price target on Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company raised Nutrien from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $77.00 to $100.00 in a research report on Friday, March 13th. Eleven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.75.

Nutrien Price Performance

Shares of NYSE NTR opened at $66.29 on Wednesday. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The firm has a market cap of $31.82 billion, a P/E ratio of 13.50, a PEG ratio of 0.62 and a beta of 0.60. The company has a 50 day moving average of $71.91 and a 200 day moving average of $69.04. 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 announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same period in the previous year, the business earned $0.11 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, research analysts expect that Nutrien Ltd. will post 5.45 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, June 30th. Nutrien’s payout ratio is presently 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.