Nutrien Ltd. (NYSE:NTR) is Black Creek Investment Management Inc.'s 4th Largest Position

Black Creek Investment Management Inc. lessened its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 22.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,890,805 shares of the company's stock after selling 1,400,054 shares during the period. Nutrien accounts for 10.3% of Black Creek Investment Management Inc.'s holdings, making the stock its 4th biggest holding. Black Creek Investment Management Inc. owned about 1.00% of Nutrien worth $218,729,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Nutrien in the fourth quarter valued at $241,958,000. Arrowstreet Capital Limited Partnership raised its stake in Nutrien by 159.5% during the 4th 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 during the period. ARGA Investment Management LP boosted its holdings in Nutrien by 25.7% in the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company's stock worth $270,396,000 after acquiring an additional 1,236,671 shares in the last quarter. Silchester International Investors LLP grew its stake in Nutrien by 9.5% in the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company's stock valued at $523,268,000 after acquiring an additional 1,009,895 shares during the period. Finally, Geode Capital Management LLC increased its holdings 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 acquiring an additional 702,948 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Performance

NYSE NTR traded down $0.77 during trading hours on Friday, reaching $52.50. 2,808,612 shares of the company were exchanged, compared to its average volume of 2,079,247. 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 stock has a market capitalization of $25.66 billion, a P/E ratio of 38.32, a P/E/G ratio of 1.19 and a beta of 0.77. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The business's 50 day simple moving average is $50.85 and its 200-day simple moving average is $49.24.

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

Nutrien Cuts Dividend

The company 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 annualized dividend and a yield of 4.15%. The ex-dividend date was Monday, March 31st. Nutrien's dividend payout ratio (DPR) is currently 159.12%.

Analysts Set New Price Targets

Several analysts recently issued reports on NTR shares. Piper Sandler lifted their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. CIBC boosted their target price on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research report on Tuesday, February 25th. Barclays raised their price target on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 5th. Mizuho increased their price objective on Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Finally, Berenberg Bank lifted their target price on Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.40.

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.