PNC Financial Services Group Inc. Acquires 5,034 Shares of Nutrien Ltd. (NYSE:NTR)

PNC Financial Services Group Inc. lifted its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 43.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,536 shares of the company's stock after buying an additional 5,034 shares during the period. PNC Financial Services Group Inc.'s holdings in Nutrien were worth $740,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Silchester International Investors LLP grew its holdings in Nutrien by 9.5% during the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company's stock worth $523,268,000 after purchasing an additional 1,009,895 shares during the period. ARGA Investment Management LP lifted its holdings in Nutrien by 25.7% during the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company's stock valued at $270,396,000 after purchasing an additional 1,236,671 shares during the last quarter. National Bank of Canada FI boosted its position in Nutrien by 4.1% during the third quarter. National Bank of Canada FI now owns 4,232,211 shares of the company's stock worth $203,380,000 after purchasing an additional 165,582 shares during the period. Toronto Dominion Bank increased its holdings in shares of Nutrien by 11.9% in the third quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company's stock valued at $202,830,000 after purchasing an additional 447,413 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Nutrien in the third quarter valued at about $150,181,000. Institutional investors own 63.10% of the company's stock.

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Nutrien Price Performance

NTR stock traded up $0.03 during trading on Friday, reaching $52.48. 2,124,285 shares of the company were exchanged, compared to its average volume of 1,976,380. The company has a market capitalization of $25.68 billion, a price-to-earnings ratio of 38.31, a P/E/G ratio of 1.19 and a beta of 0.81. 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 50-day moving average of $51.59 and a two-hundred day moving average of $48.79. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last announced 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 return on equity of 6.81% and a net margin of 2.62%. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. As a group, equities analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be given a $0.545 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.15%. Nutrien's dividend payout ratio is presently 159.12%.

Wall Street Analysts Forecast Growth

NTR has been the subject of several research analyst reports. UBS Group lifted their target price on shares of Nutrien from $53.00 to $54.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. CIBC upped their price objective on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a report on Tuesday, February 25th. Raymond James upgraded Nutrien from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. The Goldman Sachs Group began coverage on shares of Nutrien in a research report on Thursday, March 13th. They set a "sell" rating and a $53.00 price target on the stock. Finally, Barclays boosted their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $60.13.

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.