Nuveen Asset Management LLC Raises Position in Nutrien Ltd. (NYSE:NTR)

Nuveen Asset Management LLC grew its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,188,525 shares of the company’s stock after purchasing an additional 103,768 shares during the period. Nuveen Asset Management LLC owned approximately 0.24% of Nutrien worth $53,155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NTR. Uncommon Cents Investing LLC lifted its holdings in shares of Nutrien by 2.1% during the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock valued at $517,000 after purchasing an additional 235 shares during the last quarter. Addenda Capital Inc. lifted its holdings in shares of Nutrien by 7.6% during the 4th quarter. Addenda Capital Inc. now owns 510,088 shares of the company’s stock valued at $22,826,000 after purchasing an additional 35,926 shares during the last quarter. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of Nutrien by 8.8% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 12,536 shares of the company’s stock valued at $561,000 after purchasing an additional 1,013 shares during the last quarter. Silchester International Investors LLP lifted its holdings in shares of Nutrien by 9.5% during the 4th quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock valued at $523,268,000 after purchasing an additional 1,009,895 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Nutrien by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 98,317 shares of the company’s stock valued at $4,400,000 after purchasing an additional 682 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

NYSE:NTR opened at $57.92 on Monday. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $28.28 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79. The stock’s 50-day moving average price is $52.62 and its 200-day moving average price is $50.30.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter last year, the business earned $0.46 earnings per share. Nutrien’s revenue was down 5.4% on a year-over-year basis. As a group, equities analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien’s dividend payout ratio (DPR) is presently 203.74%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NTR shares. BNP Paribas upgraded Nutrien to a “strong-buy” rating in a research note on Wednesday, April 9th. Wells Fargo & Company raised their target price on Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Monday, May 12th. Piper Sandler raised their target price on Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. CIBC raised their target price on Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research note on Tuesday, February 25th. Finally, Berenberg Bank raised their target price on Nutrien from $54.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $61.44.

Nutrien Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.