Nutrien Ltd. (NYSE:NTR) Shares Acquired by Foresight Global Investors Inc.

Foresight Global Investors Inc. increased its position in shares of Nutrien Ltd. (NYSE:NTR) by 164.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,739 shares of the company’s stock after purchasing an additional 19,739 shares during the quarter. Nutrien accounts for about 1.0% of Foresight Global Investors Inc.’s investment portfolio, making the stock its 11th largest holding. Foresight Global Investors Inc.’s holdings in Nutrien were worth $1,420,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Silchester International Investors LLP lifted its position in shares of Nutrien by 9.5% in the 4th quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock worth $523,268,000 after buying an additional 1,009,895 shares during the last quarter. First Eagle Investment Management LLC raised its stake in Nutrien by 0.8% during the fourth quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company’s stock worth $426,436,000 after acquiring an additional 77,174 shares during the period. ARGA Investment Management LP lifted its holdings in Nutrien by 25.7% in the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock worth $270,396,000 after acquiring an additional 1,236,671 shares during the last quarter. National Bank of Canada FI boosted its stake in Nutrien by 4.1% in the third quarter. National Bank of Canada FI now owns 4,232,211 shares of the company’s stock valued at $203,380,000 after acquiring an additional 165,582 shares during the period. Finally, Toronto Dominion Bank boosted its stake in Nutrien by 11.9% in the third quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock valued at $202,830,000 after acquiring an additional 447,413 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NTR opened at $52.06 on Wednesday. The business’s 50-day moving average is $51.41 and its 200-day moving average is $48.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The company has a market capitalization of $25.47 billion, a price-to-earnings ratio of 38.00, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). The company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Equities research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a $0.545 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.19%. Nutrien’s dividend payout ratio (DPR) is currently 159.12%.

Analyst Ratings Changes

NTR has been the subject of a number of analyst reports. Barclays boosted their target price on shares of Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th. UBS Group boosted their price objective on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Oppenheimer assumed coverage on Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective for the company. Wells Fargo & Company raised their target price on Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. Finally, Mizuho boosted their price target on Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $60.13.

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.