Nutrien Ltd. $NTR Shares Bought by NFJ Investment Group LLC

NFJ Investment Group LLC raised its holdings in Nutrien Ltd. (NYSE:NTR) by 3,125.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 436,521 shares of the company’s stock after acquiring an additional 422,988 shares during the quarter. NFJ Investment Group LLC owned 0.09% of Nutrien worth $27,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NTR. Norges Bank purchased a new stake in Nutrien during the fourth quarter valued at about $412,635,000. Arrowstreet Capital Limited Partnership lifted its stake in Nutrien by 19.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after buying an additional 2,276,651 shares in the last quarter. TD Asset Management Inc lifted its stake in Nutrien by 21.2% during the fourth quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after buying an additional 1,559,673 shares in the last quarter. Black Creek Investment Management Inc. lifted its stake in Nutrien by 57.3% during the third quarter. Black Creek Investment Management Inc. now owns 2,367,244 shares of the company’s stock valued at $139,050,000 after buying an additional 862,487 shares in the last quarter. Finally, Man Group plc lifted its stake in Nutrien by 5,178.4% during the third quarter. Man Group plc now owns 775,919 shares of the company’s stock valued at $45,577,000 after buying an additional 761,219 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays upped their price objective on shares of Nutrien from $70.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Raymond James Financial raised shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. JPMorgan Chase & Co. upped their price objective on shares of Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. TD Securities reaffirmed a “buy” rating on shares of Nutrien in a research note on Wednesday, May 6th. Finally, Morgan Stanley upped their price objective on shares of Nutrien from $77.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Nutrien presently has a consensus rating of “Moderate Buy” and an average target price of $81.71.

Nutrien Stock Up 3.2%

Nutrien stock opened at $67.65 on Friday. The firm has a market cap of $32.47 billion, a PE ratio of 13.78, 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. The firm’s 50 day moving average price is $71.34 and its two-hundred day moving average price is $69.17. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. On average, research analysts predict 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. Shareholders of record on Tuesday, June 30th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, June 30th. Nutrien’s dividend payout ratio is currently 44.81%.

Nutrien Company 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.