Capital Research Global Investors Raises Position in Nutrien Ltd. $NTR

Capital Research Global Investors grew its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,151,049 shares of the company’s stock after purchasing an additional 7,784 shares during the quarter. Capital Research Global Investors’ holdings in Nutrien were worth $71,043,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Nutrien by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after purchasing an additional 479,834 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Nutrien by 19.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after purchasing an additional 2,276,651 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Nutrien by 0.5% during the 4th quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock valued at $821,326,000 after purchasing an additional 70,068 shares during the last quarter. TD Asset Management Inc increased its position in shares of Nutrien by 21.2% in the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after acquiring an additional 1,559,673 shares during the period. Finally, Norges Bank acquired a new position in shares of Nutrien in the 4th quarter valued at $412,635,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NTR has been the topic of several research reports. Raymond James Financial raised Nutrien from a “market perform” rating to an “outperform” rating and upped their target price for the company from $74.00 to $90.00 in a research report on Tuesday, May 5th. UBS Group cut their target price on Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research report on Monday, May 11th. Weiss Ratings raised Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Jefferies Financial Group raised Nutrien from a “hold” rating to a “buy” rating and upped their target price for the company from $74.00 to $96.00 in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada upped their target price on Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Nutrien currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.75.

Nutrien Price Performance

Shares of NTR opened at $67.40 on Tuesday. The business’s 50-day moving average is $72.09 and its two-hundred day moving average is $68.97. The company has a market capitalization of $32.35 billion, a P/E ratio of 13.73, a P/E/G ratio of 0.62 and a beta of 0.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share 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 the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. Research analysts predict that Nutrien Ltd. will post 5.45 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

About Nutrien

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.