Capital International Inc. CA Buys 244,174 Shares of Nutrien Ltd. $NTR

Capital International Inc. CA increased its position in shares of Nutrien Ltd. (NYSE:NTR) by 64.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 623,937 shares of the company’s stock after buying an additional 244,174 shares during the quarter. Capital International Inc. CA owned 0.13% of Nutrien worth $36,642,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NTR. Vanguard Group Inc. raised its stake in shares of Nutrien by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 21,983,443 shares of the company’s stock valued at $1,291,022,000 after buying an additional 80,135 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Nutrien by 48.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock valued at $696,058,000 after buying an additional 3,900,755 shares in the last quarter. TD Asset Management Inc raised its stake in Nutrien by 16.5% during the third quarter. TD Asset Management Inc now owns 7,368,861 shares of the company’s stock worth $432,838,000 after acquiring an additional 1,043,766 shares in the last quarter. Norges Bank bought a new position in shares of Nutrien during the second quarter valued at $395,842,000. Finally, Capital International Investors grew its holdings in shares of Nutrien by 1.7% in the 3rd quarter. Capital International Investors now owns 5,539,645 shares of the company’s stock worth $325,325,000 after purchasing an additional 95,274 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Down 0.5%

Nutrien stock opened at $75.85 on Tuesday. The stock has a market capitalization of $36.49 billion, a PE ratio of 16.28 and a beta of 0.70. Nutrien Ltd. has a twelve month low of $45.78 and a twelve month high of $78.08. The company has a 50 day moving average of $68.74 and a 200-day moving average of $62.04. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 0.37.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.04). Nutrien had a net margin of 8.43% and a return on equity of 8.41%. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The company’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.55. Nutrien’s payout ratio is currently 46.78%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Raymond James Financial boosted their price target on shares of Nutrien from $68.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. Wall Street Zen lowered Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Barclays lifted their price target on Nutrien from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. BMO Capital Markets increased their price target on shares of Nutrien from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Finally, Wells Fargo & Company upped their price objective on Nutrien from $64.00 to $77.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Nutrien currently has an average rating of “Hold” and an average price target of $72.82.

Nutrien Company 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.