Nutrien Ltd. (NYSE:NTR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 10.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,742,351 shares of the company's stock after acquiring an additional 157,932 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.35% of Nutrien worth $83,812,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. B. Riley Wealth Advisors Inc. purchased a new position in Nutrien in the 1st quarter worth $2,186,000. Tidal Investments LLC raised its stake in shares of Nutrien by 17.7% in the first quarter. Tidal Investments LLC now owns 26,115 shares of the company's stock worth $1,416,000 after purchasing an additional 3,920 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Nutrien during the first quarter worth about $394,000. Cetera Advisors LLC boosted its position in Nutrien by 21.3% in the first quarter. Cetera Advisors LLC now owns 5,897 shares of the company's stock valued at $321,000 after buying an additional 1,036 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Nutrien by 32.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 63,950 shares of the company's stock worth $3,473,000 after buying an additional 15,550 shares during the period. Hedge funds and other institutional investors own 63.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on NTR. BMO Capital Markets lowered their price target on shares of Nutrien from $80.00 to $75.00 and set an "outperform" rating on the stock in a report on Friday, August 9th. TD Securities cut their price target on Nutrien from $63.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. The Goldman Sachs Group cut Nutrien from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $69.00 to $53.00 in a report on Tuesday, September 10th. Barclays cut 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. Finally, Hsbc Global Res lowered Nutrien from a "hold" rating to a "moderate sell" rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $60.33.

Nutrien Trading Up 0.4 %

NYSE:NTR traded up $0.19 on Thursday, reaching $46.09. The company's stock had a trading volume of 1,276,160 shares, compared to its average volume of 1,968,421. The firm has a market cap of $22.76 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 1.64 and a beta of 0.82. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 12-month low of $44.65 and a 12-month high of $60.87. The stock has a 50 day moving average price of $47.97 and a 200 day moving average price of $49.91.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company had revenue of $5.35 billion during the quarter, compared to analysts' expectations of $5.26 billion. During the same quarter last year, the firm posted $0.35 earnings per share. The firm's quarterly revenue was down 5.0% on a year-over-year basis. On average, equities analysts anticipate that Nutrien Ltd. will post 3.56 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a $0.939 dividend. This is a positive change from Nutrien's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a yield of 8.15%. Nutrien's payout ratio is presently 144.97%.

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.