Nutrien Ltd. (NYSE:NTR) Shares Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC increased its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 21.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 882,591 shares of the company's stock after acquiring an additional 158,324 shares during the period. Clearbridge Investments LLC owned approximately 0.18% of Nutrien worth $44,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NTR. Family Firm Inc. acquired a new stake in shares of Nutrien during the 2nd quarter valued at about $32,000. GoalVest Advisory LLC acquired a new stake in shares of Nutrien during the 1st quarter valued at about $35,000. Trust Co. of Vermont grew its position in shares of Nutrien by 50.0% during the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company's stock valued at $46,000 after acquiring an additional 300 shares during the period. Covestor Ltd grew its position in shares of Nutrien by 33.3% during the 1st quarter. Covestor Ltd now owns 932 shares of the company's stock valued at $50,000 after acquiring an additional 233 shares during the period. Finally, Andra AP fonden acquired a new stake in shares of Nutrien during the 2nd quarter valued at about $51,000. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Trading Down 0.2 %

Shares of NTR stock traded down $0.12 during trading on Friday, hitting $49.82. 1,258,254 shares of the stock traded hands, compared to its average volume of 1,933,286. The firm has a market capitalization of $24.65 billion, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. The firm's fifty day moving average price is $47.60 and its 200-day moving average price is $51.55. Nutrien Ltd. has a 52-week low of $44.65 and a 52-week high of $62.53.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.19 by $0.15. The firm had revenue of $10.16 billion for the quarter, compared to analyst estimates of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The business's revenue for the quarter was down 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.53 EPS. As a group, research analysts forecast that Nutrien Ltd. will post 3.83 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 4.34%. Nutrien's dividend payout ratio (DPR) is presently 126.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NTR shares. Mizuho dropped their target price on Nutrien from $55.00 to $52.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Piper Sandler lowered their price objective on Nutrien from $56.00 to $55.00 and set an "underweight" rating on the stock in a report on Tuesday, June 11th. Barclays lowered their price objective on Nutrien from $68.00 to $55.00 and set an "overweight" rating on the stock in a report on Friday, August 16th. HSBC cut Nutrien from a "hold" rating to a "reduce" rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $60.00 price objective on shares of Nutrien in a report on Friday, September 20th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Nutrien currently has an average rating of "Hold" and a consensus target price of $61.50.

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.