Amundi Has $117.02 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Amundi lifted its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 9.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,483,017 shares of the company's stock after acquiring an additional 207,012 shares during the quarter. Amundi owned approximately 0.51% of Nutrien worth $117,024,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Silchester International Investors LLP lifted its stake in shares of 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 last quarter. ARGA Investment Management LP lifted its position in Nutrien by 25.7% during the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company's stock worth $270,396,000 after acquiring an additional 1,236,671 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of 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 acquiring an additional 165,582 shares during the period. Toronto Dominion Bank grew its position 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 acquired a new stake in Nutrien during the 3rd quarter worth approximately $150,181,000. Institutional investors own 63.10% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have commented on the company. Wells Fargo & Company upped their price objective on Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a report on Friday, February 21st. 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. JPMorgan Chase & Co. raised shares of Nutrien from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $40.00 to $50.00 in a report on Monday, January 13th. UBS Group increased their price target on Nutrien from $53.00 to $54.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Finally, Scotiabank lifted their price objective on Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $60.13.

Nutrien Price Performance

Shares of NTR traded down $0.46 during trading hours on Wednesday, reaching $50.72. The stock had a trading volume of 682,885 shares, compared to its average volume of 1,988,116. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. The stock has a market capitalization of $24.82 billion, a PE ratio of 37.04, a PEG ratio of 1.19 and a beta of 0.81. The company's 50-day moving average is $50.96 and its two-hundred day moving average is $48.63.

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

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued 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 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.