Nutrien Ltd. $NTR is SailingStone Capital Partners LLC’s 9th Largest Position

SailingStone Capital Partners LLC boosted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 147.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,619 shares of the company’s stock after acquiring an additional 102,337 shares during the quarter. Nutrien accounts for about 2.7% of SailingStone Capital Partners LLC’s investment portfolio, making the stock its 9th largest holding. SailingStone Capital Partners LLC’s holdings in Nutrien were worth $10,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Swiss Life Asset Management Ltd lifted its holdings in Nutrien by 23.6% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 79,770 shares of the company’s stock worth $4,691,000 after buying an additional 15,230 shares during the period. Van ECK Associates Corp raised its position in shares of Nutrien by 1.4% in the 3rd quarter. Van ECK Associates Corp now owns 1,854,650 shares of the company’s stock worth $108,901,000 after acquiring an additional 25,588 shares in the last quarter. MH & Associates Securities Management Corp ADV bought a new position in shares of Nutrien in the 4th quarter worth approximately $1,967,000. Hudson Bay Capital Management LP raised its position in shares of Nutrien by 190.3% in the 3rd quarter. Hudson Bay Capital Management LP now owns 116,312 shares of the company’s stock worth $6,829,000 after acquiring an additional 76,244 shares in the last quarter. Finally, Black Creek Investment Management Inc. raised its position in shares of Nutrien by 57.3% in the 3rd quarter. Black Creek Investment Management Inc. now owns 2,367,244 shares of the company’s stock worth $139,050,000 after acquiring an additional 862,487 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Stock Down 0.9%

NTR stock opened at $65.55 on Wednesday. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The firm has a market cap of $31.42 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 0.61 and a beta of 0.60. The business has a 50 day moving average of $70.96 and a 200 day moving average of $69.38.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter last year, the company earned $0.11 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, research analysts forecast that Nutrien Ltd. will post 5.45 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is 44.81%.

Wall Street Analysts Forecast Growth

NTR has been the subject of several research reports. Bank of America raised Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Thursday, April 30th. Zacks Research lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. UBS Group decreased their target price on Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce reduced their price objective on Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a research report on Thursday, April 30th. Finally, Wall Street Zen lowered Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.71.

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.