Capital International Investors Buys 36,117 Shares of Nutrien Ltd. $NTR

Capital International Investors increased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 0.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,575,762 shares of the company’s stock after acquiring an additional 36,117 shares during the quarter. Capital International Investors’ holdings in Nutrien were worth $344,161,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Nutrien by 65.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock worth $1,253,000 after buying an additional 9,950 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Nutrien by 6.2% during the first quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock worth $343,000 after buying an additional 404 shares in the last quarter. Focus Partners Wealth bought a new stake in Nutrien during the first quarter worth $516,000. Acadian Asset Management LLC bought a new stake in Nutrien during the first quarter worth $54,000. Finally, Prudential Financial Inc. bought a new stake in Nutrien during the second quarter worth $203,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Down 0.0%

NTR stock opened at $67.17 on Monday. The stock’s fifty day simple moving average is $72.22 and its two-hundred day simple moving average is $68.90. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36. The stock has a market cap of $32.24 billion, a P/E ratio of 13.68, a P/E/G ratio of 0.62 and a beta of 0.60.

Nutrien (NYSE:NTR) last posted its quarterly earnings data 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. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. Analysts expect that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on NTR. TD Securities reiterated a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. BNP Paribas Exane downgraded Nutrien from an “outperform” rating to a “neutral” rating in a report on Monday, February 23rd. Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a report on Thursday, April 30th. Weiss Ratings upgraded Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Finally, Canadian Imperial Bank of Commerce decreased their price target on Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a report on Thursday, April 30th. Eleven research 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. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.75.

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.