Capital International Investors Has $97.32 Million Stock Position in Nutrien Ltd. (NYSE:NTR)

Capital International Investors reduced its stake in Nutrien Ltd. (NYSE:NTR) by 0.1% during the 1st quarter, HoldingsChannel reports. The firm owned 1,791,317 shares of the company’s stock after selling 1,103 shares during the quarter. Capital International Investors’ holdings in Nutrien were worth $97,319,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. GoalVest Advisory LLC bought a new position in Nutrien during the 1st quarter valued at about $35,000. Evolution Advisers Inc. acquired a new stake in shares of Nutrien during the fourth quarter worth approximately $49,000. Covestor Ltd raised its stake in shares of Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after acquiring an additional 233 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of Nutrien in the 4th quarter worth approximately $57,000. Finally, Parallel Advisors LLC grew its position in Nutrien by 41.0% during the 4th quarter. Parallel Advisors LLC now owns 1,049 shares of the company’s stock worth $59,000 after acquiring an additional 305 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NTR shares. Berenberg Bank upgraded Nutrien from a “hold” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $66.00 in a research report on Monday, April 29th. Piper Sandler cut their price target on Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. UBS Group reduced their price target on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Scotiabank lowered their price objective on shares of Nutrien from $67.00 to $66.00 and set an “outperform” rating for the company in a research report on Monday, May 13th. Finally, Wells Fargo & Company reduced their target price on shares of Nutrien from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Nutrien has a consensus rating of “Moderate Buy” and a consensus price target of $65.39.

Nutrien Trading Up 0.9 %

NTR stock traded up $0.47 during midday trading on Friday, reaching $51.22. The company’s stock had a trading volume of 1,484,768 shares, compared to its average volume of 1,886,325. The business’s 50-day simple moving average is $53.07 and its 200-day simple moving average is $52.90. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. Nutrien Ltd. has a 52 week low of $47.86 and a 52 week high of $69.12. The stock has a market cap of $25.34 billion, a PE ratio of 29.95, a price-to-earnings-growth ratio of 1.68 and a beta of 0.83.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. The company had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.38 billion. As a group, sell-side analysts expect that Nutrien Ltd. will post 3.78 EPS for the current year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, June 28th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date was Friday, June 28th. Nutrien’s dividend payout ratio (DPR) is currently 126.32%.

About Nutrien

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.