Intech Investment Management LLC Has $3.64 Million Stock Holdings in Nutrien Ltd. $NTR

Intech Investment Management LLC lessened its holdings in Nutrien Ltd. (NYSE:NTR) by 9.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,630 shares of the company’s stock after selling 6,498 shares during the quarter. Intech Investment Management LLC’s holdings in Nutrien were worth $3,642,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NTR. Boston Partners bought a new stake in Nutrien in the second quarter valued at about $150,416,000. JPMorgan Chase & Co. raised its stake in Nutrien by 48.7% in the first quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company’s stock valued at $347,319,000 after buying an additional 2,291,518 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Nutrien by 14.0% in the second quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock valued at $772,742,000 after purchasing an additional 1,627,328 shares during the last quarter. Vanguard Group Inc. lifted its position in Nutrien by 7.1% during the first quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company’s stock worth $1,051,709,000 after acquiring an additional 1,412,503 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Nutrien by 17.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company’s stock valued at $436,137,000 after buying an additional 1,284,181 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE NTR opened at $57.34 on Wednesday. The firm’s fifty day moving average price is $57.61 and its two-hundred day moving average price is $58.41. The stock has a market cap of $27.72 billion, a PE ratio of 20.55, a PEG ratio of 0.92 and a beta of 0.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.06. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter last year, the business posted $0.39 EPS. Nutrien’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, 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, January 16th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 31st. Nutrien’s payout ratio is presently 58.76%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NTR shares. National Bankshares began coverage on shares of Nutrien in a research report on Friday, September 5th. They issued a “sector perform” rating and a $64.00 price target for the company. Oppenheimer reiterated an “outperform” rating on shares of Nutrien in a research report on Wednesday, October 22nd. TD Securities increased their target price on Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, August 11th. UBS Group decreased their price target on Nutrien from $63.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, National Bank Financial assumed coverage on shares of Nutrien in a research note on Friday, September 5th. They set a “sector perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.94.

Nutrien Company 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.