Nutrien Ltd. (NYSE:NTR) Holdings Lifted by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 0.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,529,311 shares of the company's stock after purchasing an additional 77,174 shares during the quarter. First Eagle Investment Management LLC owned about 1.94% of Nutrien worth $426,436,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NTR. Fairway Wealth LLC acquired a new position in Nutrien during the 4th quarter worth approximately $27,000. HHM Wealth Advisors LLC lifted its position in Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after acquiring an additional 480 shares in the last quarter. Assetmark Inc. lifted its position in Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after acquiring an additional 690 shares in the last quarter. Asset Planning Inc acquired a new position in Nutrien during the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC lifted its position in Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after acquiring an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Nutrien in a research report on Thursday, March 13th. They set a "sell" rating and a $53.00 price target on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Nutrien in a research report on Monday, February 24th. Barclays upped their target price on Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 5th. Scotiabank upped their target price on Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a research report on Monday, February 24th. Finally, Piper Sandler upped their target price on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $60.13.

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Nutrien Stock Performance

Shares of NTR stock traded down $0.09 on Tuesday, hitting $52.06. 1,714,292 shares of the stock traded hands, compared to its average volume of 1,976,479. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The company has a market capitalization of $25.47 billion, a PE ratio of 38.00, a PEG ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. The company's fifty day moving average is $51.33 and its 200 day moving average is $48.71.

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

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a $0.545 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.19%. Nutrien's payout ratio is 159.12%.

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.