Nutrien Ltd. $NTR Position Raised by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its position in shares of Nutrien Ltd. (NYSE:NTR) by 152.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,372,863 shares of the company’s stock after acquiring an additional 829,275 shares during the quarter. Allianz Asset Management GmbH owned about 0.28% of Nutrien worth $80,662,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NTR. Vanguard Group Inc. grew its position in Nutrien by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 21,903,308 shares of the company’s stock worth $1,276,328,000 after purchasing an additional 712,305 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Nutrien by 14.0% during the second quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock worth $772,742,000 after buying an additional 1,627,328 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Nutrien by 48.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock worth $696,058,000 after buying an additional 3,900,755 shares in the last quarter. Norges Bank bought a new position in Nutrien in the 2nd quarter worth approximately $395,842,000. Finally, ARGA Investment Management LP increased its position in Nutrien by 1.3% in the 2nd quarter. ARGA Investment Management LP now owns 6,592,381 shares of the company’s stock valued at $384,064,000 after acquiring an additional 81,537 shares during the period. Institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on NTR shares. Morgan Stanley upgraded Nutrien from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $77.00 in a research report on Wednesday, January 14th. Wells Fargo & Company assumed coverage on shares of Nutrien in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $64.00 price objective for the company. Zacks Research raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Bank of America restated a “neutral” rating and set a $67.00 price target on shares of Nutrien in a research report on Tuesday, October 14th. Finally, UBS Group increased their price objective on shares of Nutrien from $58.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Nutrien presently has an average rating of “Hold” and a consensus target price of $66.31.

Nutrien Stock Performance

Shares of NYSE NTR opened at $70.38 on Wednesday. The stock’s fifty day simple moving average is $63.36 and its 200 day simple moving average is $59.68. The stock has a market capitalization of $33.92 billion, a price-to-earnings ratio of 18.97 and a beta of 0.73. The company has a quick ratio of 0.89, a current ratio of 1.41 and a debt-to-equity ratio of 0.39. Nutrien Ltd. has a 52-week low of $45.78 and a 52-week high of $73.07.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. Nutrien had a return on equity of 7.54% and a net margin of 6.79%.The business had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same quarter last year, the company posted $0.39 EPS. Nutrien’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, sell-side analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

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.