Nutrien Ltd. (NYSE:NTR) Shares Acquired by Bank of Nova Scotia

Bank of Nova Scotia increased its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 12.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,316,035 shares of the company's stock after purchasing an additional 595,994 shares during the period. Bank of Nova Scotia owned 1.08% of Nutrien worth $238,915,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new position in Nutrien in the 4th quarter valued at about $241,958,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Nutrien by 159.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company's stock worth $242,976,000 after buying an additional 3,341,169 shares in the last quarter. ARGA Investment Management LP raised its position in shares of Nutrien by 25.7% in the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company's stock valued at $270,396,000 after buying an additional 1,236,671 shares during the last quarter. Silchester International Investors LLP lifted its stake in shares of Nutrien by 9.5% during the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company's stock valued at $523,268,000 after buying an additional 1,009,895 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Nutrien by 30.3% during the fourth quarter. Geode Capital Management LLC now owns 3,022,551 shares of the company's stock valued at $137,202,000 after buying an additional 702,948 shares during the period. Hedge funds and other institutional investors own 63.10% of the company's stock.

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Wall Street Analyst Weigh In

NTR has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Nutrien from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $40.00 to $50.00 in a report on Monday, January 13th. Royal Bank of Canada reiterated an "outperform" rating and issued a $60.00 target price on shares of Nutrien in a research note on Monday, February 24th. Wells Fargo & Company raised their price target on Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. UBS Group lifted 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. Finally, The Goldman Sachs Group assumed coverage on shares of Nutrien in a report on Thursday, March 13th. They set a "sell" rating and a $53.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $60.00.

Nutrien Trading Up 5.7 %

Shares of Nutrien stock traded up $2.73 during trading hours on Friday, hitting $51.05. The company's stock had a trading volume of 2,557,390 shares, compared to its average volume of 2,068,506. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $24.96 billion, a PE ratio of 37.26, a P/E/G ratio of 1.19 and a beta of 0.77. The business has a fifty day moving average of $50.74 and a 200 day moving average of $49.13. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). The company had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, equities analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were issued a dividend of $0.545 per share. The ex-dividend date was Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.27%. Nutrien's payout ratio is currently 159.12%.

Nutrien Company 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.