Nutrien Ltd. $NTR Stock Holdings Lifted by Ninety One UK Ltd

Ninety One UK Ltd lifted its stake in Nutrien Ltd. (NYSE:NTR) by 4.4% during the third quarter, HoldingsChannel reports. The firm owned 1,859,818 shares of the company’s stock after purchasing an additional 78,438 shares during the period. Ninety One UK Ltd’s holdings in Nutrien were worth $130,653,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise lifted its holdings in Nutrien by 15.9% in the first quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock valued at $90,000 after acquiring an additional 164 shares during the period. Gould Asset Management LLC CA boosted its position in shares of Nutrien by 4.4% during the 1st quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company’s stock worth $297,000 after purchasing an additional 165 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Nutrien by 1.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 15,822 shares of the company’s stock worth $1,191,000 after purchasing an additional 183 shares during the period. Somerset Trust Co grew its stake in shares of Nutrien by 2.2% during the 2nd quarter. Somerset Trust Co now owns 10,065 shares of the company’s stock worth $634,000 after purchasing an additional 213 shares during the period. Finally, Parvin Asset Management LLC grew its stake in shares of Nutrien by 4.0% during the 1st quarter. Parvin Asset Management LLC now owns 6,505 shares of the company’s stock worth $491,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

NTR traded down $0.40 during trading on Thursday, reaching $69.47. 1,181,210 shares of the stock were exchanged, compared to its average volume of 3,044,056. The business’s 50 day moving average price is $73.08 and its two-hundred day moving average price is $70.57. 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 company has a market capitalization of $33.08 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 0.75 and a beta of 0.68. Nutrien Ltd. has a 1 year low of $53.03 and a 1 year high of $85.36.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The firm had revenue of $10.81 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same period last year, the company posted $2.65 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts anticipate that Nutrien Ltd. will post 4.63 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Tuesday, September 29th will be given a $0.55 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 annualized dividend and a dividend yield of 3.2%. Nutrien’s payout ratio is currently 44.53%.

Wall Street Analysts Forecast Growth

NTR has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Nutrien from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Barclays decreased their price objective on shares of Nutrien from $81.00 to $78.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. BNP Paribas Exane upgraded shares of Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Tuesday, July 28th. Jefferies Financial Group restated a “hold” rating and set a $71.00 target price on shares of Nutrien in a research report on Monday. Finally, set a $85.00 target price on shares of Nutrien and gave the company an “outperform” rating in a report on Monday, October 5th. Sixteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Nutrien currently has an average rating of “Moderate Buy” and a consensus price target of $79.90.

Nutrien Profile

Nutrien Ltd. is a Canada-based provider of crop inputs, services and solutions for agricultural producers. The company produces and distributes potash, nitrogen and phosphate products, which are used to support crop nutrition and agricultural productivity. Its product portfolio also includes crop protection products, seed, farm supplies and other agronomic inputs.

Nutrien serves farmers through a broad retail network operating primarily across North and South America, Australia and other international markets.