American Century Companies Inc. Grows Stock Holdings in Nutrien Ltd. (NYSE:NTR)

American Century Companies Inc. boosted its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 450,663 shares of the company's stock after buying an additional 19,573 shares during the period. American Century Companies Inc. owned 0.09% of Nutrien worth $20,165,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Fairway Wealth LLC purchased a new position in shares of Nutrien during the fourth quarter worth about $27,000. HHM Wealth Advisors LLC grew its stake in shares of Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after purchasing an additional 480 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after purchasing an additional 690 shares during the period. Asset Planning Inc purchased a new stake in shares of Nutrien during the fourth quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after purchasing an additional 416 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on NTR shares. Piper Sandler boosted their price objective on shares of Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Mizuho increased their price target on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Barclays lifted their price objective on Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. raised Nutrien from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. Finally, Oppenheimer assumed coverage on Nutrien in a report on Thursday, December 12th. They issued an "outperform" rating and a $60.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $60.00.

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Nutrien Price Performance

Shares of NTR stock traded up $0.73 during trading hours on Thursday, hitting $50.68. The company's stock had a trading volume of 3,410,210 shares, compared to its average volume of 2,024,844. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average of $51.41 and a 200-day moving average of $49.08. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87. The stock has a market cap of $24.77 billion, a price-to-earnings ratio of 36.99, a P/E/G ratio of 1.19 and a beta of 0.77.

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

Nutrien Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien's dividend payout ratio is presently 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.