Illumine Investment Management LLC purchased a new position in shares of Nutrien Ltd. (NYSE:NTR – Free Report) during the first quarter, Holdings Channel reports. The institutional investor purchased 12,618 shares of the company’s stock, valued at approximately $952,000.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Nutrien by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock worth $1,386,546,000 after acquiring an additional 479,834 shares during the period. Wellington Management Group LLP lifted its stake in Nutrien by 440.2% in the 4th quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock worth $1,008,713,000 after purchasing an additional 13,313,817 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Nutrien by 0.5% during 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. Deutsche Bank AG boosted its position in shares of Nutrien by 2.0% during the 4th quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock valued at $604,745,000 after acquiring an additional 189,683 shares during the last quarter. Finally, TD Asset Management Inc lifted its position in Nutrien by 21.2% during the fourth quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after purchasing an additional 1,559,673 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.
Nutrien Trading Up 3.4%
Nutrien stock opened at $67.64 on Tuesday. The business’s fifty day moving average is $67.23 and its 200 day moving average is $69.77. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36. The stock has a market capitalization of $32.42 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 0.63 and a beta of 0.62. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59.
Nutrien Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, June 30th. Nutrien’s payout ratio is currently 44.81%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on NTR shares. JPMorgan Chase & Co. lifted their price target on Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Morgan Stanley dropped their price target on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. National Bank Financial set a $76.00 price objective on Nutrien and gave the stock an “outperform” rating in a research report on Monday. Raymond James Financial raised shares of Nutrien from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada lifted their price target on Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Fourteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.61.
View Our Latest Stock Report on NTR
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.
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