2,387,942 Shares in Nutrien Ltd. $NTR Purchased by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec purchased a new stake in shares of Nutrien Ltd. (NYSE:NTR) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,387,942 shares of the company’s stock, valued at approximately $150,388,000. Caisse de depot et placement du Quebec owned 0.50% of Nutrien at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. CORDA Investment Management LLC. bought a new position in Nutrien in the 2nd quarter valued at approximately $33,209,000. Vanguard Group Inc. increased its holdings in shares of Nutrien by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock worth $1,386,546,000 after purchasing an additional 479,834 shares in the last quarter. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Nutrien in the 2nd quarter worth $8,363,000. Geode Capital Management LLC raised its stake in shares of Nutrien by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 4,833,284 shares of the company’s stock worth $304,217,000 after purchasing an additional 309,025 shares during the last quarter. Finally, Oxbow Advisors LLC raised its stake in shares of Nutrien by 35.2% in the fourth quarter. Oxbow Advisors LLC now owns 142,981 shares of the company’s stock worth $8,825,000 after purchasing an additional 37,246 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NTR shares. Raymond James Financial raised Nutrien from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $74.00 to $90.00 in a research report on Tuesday, May 5th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Nutrien in a research report on Monday, August 10th. UBS Group lowered their target price on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research note on Monday, May 11th. Weiss Ratings raised shares of Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Finally, BNP Paribas Exane upgraded shares of Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Tuesday, July 28th. Seventeen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Nutrien currently has an average rating of “Moderate Buy” and a consensus price target of $81.58.

Nutrien Price Performance

NYSE NTR opened at $73.72 on Thursday. The stock has a market capitalization of $35.26 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 0.74 and a beta of 0.61. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86. The business’s fifty day moving average price is $66.91 and its 200-day moving average price is $70.51.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.09). The firm had revenue of $10.81 billion during the quarter, compared to the consensus estimate of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.65 EPS. On average, equities analysts predict that Nutrien Ltd. will post 4.95 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien’s dividend payout ratio (DPR) is presently 44.53%.

Nutrien 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.