Canada Pension Plan Investment Board Increases Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Canada Pension Plan Investment Board lifted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 2,177,681.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 5,880,010 shares of the company’s stock after acquiring an additional 5,879,740 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Nutrien were worth $316,726,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new position in shares of Nutrien in the 1st quarter valued at $6,914,000. Eaton Vance Management acquired a new stake in shares of Nutrien during the first quarter worth about $111,000. Verition Fund Management LLC purchased a new stake in shares of Nutrien in the 1st quarter valued at about $493,000. Jackson Square Capital LLC boosted its position in shares of Nutrien by 2.3% in the 1st quarter. Jackson Square Capital LLC now owns 10,612 shares of the company’s stock valued at $572,000 after purchasing an additional 234 shares during the period. Finally, State of Wisconsin Investment Board grew its stake in Nutrien by 11.4% during the 1st quarter. State of Wisconsin Investment Board now owns 796,302 shares of the company’s stock worth $42,893,000 after buying an additional 81,186 shares during the last quarter. Institutional investors and hedge funds own 63.19% of the company’s stock.

Several research firms have recently weighed in on NTR. Susquehanna raised Nutrien from a “neutral” rating to a “positive” rating and increased their price objective for the company from $60.00 to $70.00 in a report on Tuesday, June 29th. Raymond James downgraded shares of Nutrien from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from $75.00 to $82.00 in a research note on Tuesday, June 15th. Susquehanna Bancshares upgraded Nutrien from a “neutral” rating to a “positive” rating and boosted their price target for the company from $60.00 to $70.00 in a research report on Tuesday, June 29th. TD Securities lifted their target price on Nutrien from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, April 30th. Finally, HSBC upgraded Nutrien from a “hold” rating to a “buy” rating and upped their price target for the stock from $60.00 to $68.00 in a research note on Monday, May 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $65.85.

Shares of NYSE NTR traded down $0.10 during midday trading on Thursday, hitting $59.57. The company had a trading volume of 63,963 shares, compared to its average volume of 1,416,707. The firm has a market cap of $33.98 billion, a price-to-earnings ratio of 55.22, a price-to-earnings-growth ratio of 1.99 and a beta of 0.92. Nutrien Ltd. has a twelve month low of $32.18 and a twelve month high of $65.93. The firm has a 50-day simple moving average of $61.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.35 and a quick ratio of 0.62.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Sunday, May 2nd. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.20. Nutrien had a return on equity of 5.62% and a net margin of 2.91%. The business had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the company earned ($0.12) EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Research analysts forecast that Nutrien Ltd. will post 3.69 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 16th. Shareholders of record on Wednesday, June 30th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.09%. The ex-dividend date was Tuesday, June 29th. Nutrien’s dividend payout ratio (DPR) is 50.00%.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs, services, and solutions. The company offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

Further Reading: Options Trading – What is a Straddle?

Want to see what other hedge funds are holding NTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutrien Ltd. (NYSE:NTR).

Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

Receive News & Ratings for Nutrien Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutrien and related companies with MarketBeat.com's FREE daily email newsletter.