Nutrien Ltd. (NYSE:NTR) Stock Holdings Raised by Oxbow Advisors LLC

Oxbow Advisors LLC lifted its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 68.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,450 shares of the company's stock after purchasing an additional 48,645 shares during the period. Oxbow Advisors LLC's holdings in Nutrien were worth $5,741,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Silchester International Investors LLP boosted its stake in shares of Nutrien by 164.4% during the 3rd quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company's stock worth $513,437,000 after purchasing an additional 6,642,075 shares during the last quarter. Bank of Montreal Can boosted its position in Nutrien by 15.5% during the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company's stock worth $719,668,000 after acquiring an additional 1,794,333 shares during the last quarter. National Bank of Canada FI boosted its position in Nutrien by 34.0% during the second quarter. National Bank of Canada FI now owns 4,066,629 shares of the company's stock worth $205,385,000 after acquiring an additional 1,032,763 shares during the last quarter. 1832 Asset Management L.P. grew its stake in Nutrien by 10.6% in the 1st quarter. 1832 Asset Management L.P. now owns 8,839,216 shares of the company's stock worth $480,058,000 after acquiring an additional 844,559 shares during the period. Finally, Public Sector Pension Investment Board acquired a new position in Nutrien in the 2nd quarter valued at $38,176,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays lowered their price objective on Nutrien from $68.00 to $55.00 and set an "overweight" rating for the company in a research report on Friday, August 16th. Wells Fargo & Company cut Nutrien from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $62.00 to $50.00 in a report on Tuesday, September 24th. Mizuho cut their price objective on shares of Nutrien from $55.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. Scotiabank lowered their target price on shares of Nutrien from $66.00 to $59.00 and set a "sector outperform" rating for the company in a report on Monday, August 12th. Finally, HSBC downgraded shares of Nutrien from a "hold" rating to a "reduce" rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $60.44.

Nutrien Stock Down 1.3 %

Nutrien stock traded down $0.62 during midday trading on Friday, hitting $48.32. 2,325,769 shares of the company were exchanged, compared to its average volume of 1,951,724. The company has a market cap of $23.86 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 1.62 and a beta of 0.82. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $60.87. The company's fifty day moving average price is $47.98 and its 200-day moving average price is $50.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82.

Nutrien (NYSE:NTR - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The company's revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, research analysts predict that Nutrien Ltd. will post 3.82 EPS for the current fiscal year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.939 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Nutrien's previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a dividend yield of 7.77%. Nutrien's dividend payout ratio (DPR) is currently 144.97%.

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.