Nutrien Ltd. (NYSE:NTR) Stock Holdings Increased by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 40.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,380 shares of the company's stock after buying an additional 39,234 shares during the period. Quantbot Technologies LP's holdings in Nutrien were worth $6,602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NTR. Silchester International Investors LLP increased its stake in Nutrien by 164.4% in the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company's stock valued at $513,437,000 after purchasing an additional 6,642,075 shares during the last quarter. Bank of Montreal Can grew its holdings in Nutrien by 15.5% in the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company's stock valued at $719,668,000 after purchasing an additional 1,794,333 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its holdings in Nutrien by 78.8% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company's stock valued at $121,271,000 after purchasing an additional 1,100,000 shares during the period. National Bank of Canada FI increased its position in Nutrien by 34.0% during the second quarter. National Bank of Canada FI now owns 4,066,629 shares of the company's stock worth $205,385,000 after purchasing an additional 1,032,763 shares during the last quarter. Finally, Public Sector Pension Investment Board purchased a new position in Nutrien during the second quarter worth approximately $38,176,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. HSBC cut Nutrien from a "hold" rating to a "reduce" rating in a report on Friday, August 2nd. Scotiabank dropped their target price on shares of Nutrien from $66.00 to $59.00 and set a "sector outperform" rating for the company in a research report on Monday, August 12th. UBS Group cut shares of Nutrien from a "buy" rating to a "neutral" rating and reduced their price target for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $60.00 price objective on shares of Nutrien in a research report on Friday, September 20th. Finally, Barclays reduced their target price on shares of Nutrien from $68.00 to $55.00 and set an "overweight" rating on the stock in a report on Friday, August 16th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Nutrien presently has an average rating of "Hold" and an average price target of $60.33.

Nutrien Stock Down 1.9 %

NYSE NTR traded down $0.90 during trading hours on Tuesday, reaching $45.90. 1,749,941 shares of the company traded hands, compared to its average volume of 1,970,386. The stock has a market capitalization of $22.67 billion, a PE ratio of 31.42, a PEG ratio of 1.65 and a beta of 0.82. The company has a current ratio of 1.27, a quick ratio of 0.82 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 company has a 50 day moving average of $48.01 and a two-hundred day moving average of $50.03.

Nutrien (NYSE:NTR - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share 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 business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the previous year, the firm earned $0.35 EPS. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. As a group, equities analysts expect that Nutrien Ltd. will post 3.56 earnings per share for the current year.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.939 per share. This is an increase from Nutrien's previous quarterly dividend of $0.54. This represents a $3.76 dividend on an annualized basis and a yield of 8.18%. The ex-dividend date is Tuesday, December 31st. Nutrien's dividend payout ratio is presently 144.97%.

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.