Capital International Investors Buys 16,948 Shares of Nutrien Ltd. (NYSE:NTR)

Capital International Investors boosted its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,907,301 shares of the company's stock after acquiring an additional 16,948 shares during the period. Capital International Investors owned 0.39% of Nutrien worth $85,344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Nutrien by 7.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 297,113 shares of the company's stock worth $13,254,000 after purchasing an additional 21,451 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in Nutrien by 12.2% during the fourth quarter. Evergreen Capital Management LLC now owns 205,551 shares of the company's stock worth $9,309,000 after buying an additional 22,401 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of Nutrien by 33.3% in the fourth quarter. Gabelli Funds LLC now owns 52,090 shares of the company's stock valued at $2,331,000 after buying an additional 13,000 shares in the last quarter. Dodge & Cox grew its holdings in shares of Nutrien by 0.3% during the fourth quarter. Dodge & Cox now owns 12,523,259 shares of the company's stock valued at $560,416,000 after buying an additional 40,800 shares during the last quarter. Finally, Rossby Financial LCC bought a new stake in shares of Nutrien during the fourth quarter worth about $387,000. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Performance

Nutrien stock traded down $0.37 during trading on Wednesday, hitting $53.10. The stock had a trading volume of 2,302,806 shares, compared to its average volume of 2,085,055. 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's 50 day moving average is $50.97 and its two-hundred day moving average is $49.30. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The stock has a market cap of $25.96 billion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77.

Nutrien (NYSE:NTR - Get Free Report) last issued 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 net margin of 2.62% and a return on equity of 6.81%. The firm had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $5.09 billion. As a group, analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were paid a $0.545 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.11%. Nutrien's payout ratio is 159.12%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NTR shares. Wells Fargo & Company raised their price target on shares of Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. The Goldman Sachs Group started coverage on Nutrien in a research report on Thursday, March 13th. They set a "sell" rating and a $53.00 target price on the stock. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. Royal Bank of Canada restated an "outperform" rating and set a $60.00 price objective on shares of Nutrien in a research note on Monday, February 24th. Finally, Mizuho upped their target price on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $59.27.

About Nutrien

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.