Neuberger Berman Group LLC Decreases Stake in Nutrien Ltd. (NYSE:NTR)

Neuberger Berman Group LLC trimmed its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 7.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 196,561 shares of the company's stock after selling 15,961 shares during the period. Neuberger Berman Group LLC's holdings in Nutrien were worth $8,791,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Nutrien by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company's stock valued at $885,009,000 after purchasing an additional 325,210 shares during the last quarter. Silchester International Investors LLP boosted its position in Nutrien by 9.5% during the 4th quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company's stock worth $523,268,000 after buying an additional 1,009,895 shares during the period. First Eagle Investment Management LLC grew its holdings in Nutrien by 0.8% during the 4th quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company's stock worth $426,436,000 after acquiring an additional 77,174 shares during the last quarter. ARGA Investment Management LP increased its position in Nutrien by 25.7% in the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company's stock valued at $270,396,000 after acquiring an additional 1,236,671 shares during the period. Finally, TD Asset Management Inc. raised its stake in shares of Nutrien by 7.4% during the fourth quarter. TD Asset Management Inc. now owns 5,615,681 shares of the company's stock valued at $251,152,000 after acquiring an additional 385,616 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

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Analyst Upgrades and Downgrades

NTR has been the topic of several analyst reports. Piper Sandler boosted their price objective on shares of Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Scotiabank raised their price objective on Nutrien from $60.00 to $62.00 and gave the stock a "sector outperform" rating in a research report on Monday, February 24th. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. Barclays increased their target price 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. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $60.00 price target on shares of Nutrien in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $60.00.

Nutrien Stock Up 1.9 %

NYSE:NTR traded up $0.99 on Monday, hitting $52.15. The stock had a trading volume of 1,984,565 shares, compared to its average volume of 2,068,171. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87. The business's fifty day moving average is $50.74 and its 200 day moving average is $49.13. The company has a market cap of $25.49 billion, a PE ratio of 38.07, a P/E/G ratio of 1.19 and a beta of 0.77.

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

Nutrien Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Monday, March 31st. Nutrien's dividend 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.