Intech Investment Management LLC Has $1.88 Million Position in Nutrien Ltd. $NTR

Intech Investment Management LLC reduced its stake in shares of Nutrien Ltd. (NYSE:NTR) by 55.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,346 shares of the company’s stock after selling 37,163 shares during the quarter. Intech Investment Management LLC’s holdings in Nutrien were worth $1,876,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Smith Moore & CO. raised its stake in Nutrien by 2.2% during the third quarter. Smith Moore & CO. now owns 7,642 shares of the company’s stock worth $449,000 after acquiring an additional 168 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Nutrien by 21.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock worth $61,000 after acquiring an additional 176 shares in the last quarter. AMG National Trust Bank raised its stake in Nutrien by 4.0% during the third quarter. AMG National Trust Bank now owns 4,986 shares of the company’s stock worth $293,000 after acquiring an additional 193 shares in the last quarter. Bessemer Group Inc. raised its stake in Nutrien by 27.7% during the third quarter. Bessemer Group Inc. now owns 937 shares of the company’s stock worth $55,000 after acquiring an additional 203 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Nutrien by 11.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,103 shares of the company’s stock worth $130,000 after acquiring an additional 217 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NTR has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their target price on Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. BMO Capital Markets increased their target price on Nutrien from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. Barclays increased their target price on Nutrien from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. TD Securities restated a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. Finally, Zacks Research cut Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Eleven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.75.

Nutrien Price Performance

Shares of NTR stock opened at $68.98 on Friday. The stock’s fifty day moving average is $72.41 and its 200-day moving average is $68.83. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. The stock has a market capitalization of $33.11 billion, a PE ratio of 14.05, a PEG ratio of 0.63 and a beta of 0.60. Nutrien Ltd. has a 52 week low of $53.03 and a 52 week high of $85.36.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. Equities research analysts expect that Nutrien Ltd. will post 5.45 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be issued a $0.55 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.2%. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

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.