Nutrien Ltd. (NYSE:NTR) Shares Acquired by Brandes Investment Partners LP

Brandes Investment Partners LP grew its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 380.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,421 shares of the company's stock after acquiring an additional 76,369 shares during the period. Brandes Investment Partners LP's holdings in Nutrien were worth $4,315,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NTR. Uncommon Cents Investing LLC increased its position in shares of Nutrien by 2.1% during the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock valued at $517,000 after buying an additional 235 shares during the period. Rhumbline Advisers increased its position in shares of Nutrien by 3.5% during the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock valued at $331,000 after buying an additional 247 shares during the period. FFT Wealth Management LLC increased its position in shares of Nutrien by 0.9% during the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock valued at $1,330,000 after buying an additional 277 shares during the period. Atria Investments Inc increased its position in shares of Nutrien by 2.0% during the third quarter. Atria Investments Inc now owns 14,636 shares of the company's stock valued at $703,000 after buying an additional 290 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Nutrien by 23.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after buying an additional 348 shares during the period. 63.10% of the stock is owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NTR shares. Wells Fargo & Company upped their price objective on shares of Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a report on Friday, February 21st. UBS Group upped their price objective on shares of Nutrien from $53.00 to $54.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Mizuho upped their price objective on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. The Goldman Sachs Group started coverage on shares of Nutrien in a report on Thursday, March 13th. They issued a "sell" rating and a $53.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Nutrien from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $40.00 to $50.00 in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $60.13.

Nutrien Stock Performance

NYSE NTR traded up $0.11 during mid-day trading on Thursday, reaching $52.46. 1,281,364 shares of the stock were exchanged, compared to its average volume of 1,973,862. The business's 50 day moving average is $51.50 and its 200-day moving average is $48.76. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The company has a market capitalization of $25.67 billion, a P/E ratio of 38.29, 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 quick ratio of 0.82 and a current ratio of 1.27.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. On average, equities research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The company 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 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien's payout ratio is currently 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.