Nutrien Ltd. (NYSE:NTR) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. grew its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 303.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 336,305 shares of the company's stock after purchasing an additional 253,037 shares during the quarter. APG Asset Management N.V. owned approximately 0.07% of Nutrien worth $14,525,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NTR. Uncommon Cents Investing LLC raised its position in Nutrien by 2.1% during the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock valued at $517,000 after purchasing an additional 235 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Nutrien by 3.5% during the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock valued at $331,000 after purchasing an additional 247 shares during the last quarter. FFT Wealth Management LLC boosted its holdings in Nutrien by 0.9% in the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock worth $1,330,000 after acquiring an additional 277 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Nutrien by 23.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after purchasing an additional 348 shares in the last quarter. Finally, PFG Investments LLC increased its position in shares of Nutrien by 2.0% during the fourth quarter. PFG Investments LLC now owns 20,097 shares of the company's stock valued at $899,000 after acquiring an additional 386 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

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Nutrien Stock Performance

Nutrien stock traded up $0.99 during midday trading on Monday, hitting $52.15. 1,984,565 shares of the company were exchanged, compared to its average volume of 2,068,171. The firm has a market capitalization of $25.49 billion, a PE ratio of 38.07, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The business has a fifty day simple moving average of $50.74 and a two-hundred day simple moving average of $49.13.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. On average, sell-side analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend was Monday, March 31st. Nutrien's dividend payout ratio is presently 159.12%.

Analyst Ratings Changes

Several research firms have issued reports on NTR. The Goldman Sachs Group began coverage on shares of Nutrien in a research note on Thursday, March 13th. They set a "sell" rating and a $53.00 target price on the stock. UBS Group raised their price target on Nutrien from $53.00 to $54.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. upgraded shares of Nutrien from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $40.00 to $50.00 in a research report on Monday, January 13th. CIBC lifted their price target on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a report on Tuesday, February 25th. Finally, Barclays boosted their price target on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

Nutrien Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.