Susquehanna Fundamental Investments LLC Invests $19.66 Million in Nutrien Ltd. (NYSE:NTR)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 439,400 shares of the company's stock, valued at approximately $19,663,000. Susquehanna Fundamental Investments LLC owned about 0.09% of Nutrien at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Covea Finance lifted its stake in Nutrien by 21.9% in the fourth quarter. Covea Finance now owns 55,600 shares of the company's stock valued at $2,485,000 after buying an additional 10,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Nutrien by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,886,376 shares of the company's stock worth $84,367,000 after acquiring an additional 144,025 shares during the period. Van ECK Associates Corp lifted its position in Nutrien by 5.7% in the 4th quarter. Van ECK Associates Corp now owns 1,480,870 shares of the company's stock valued at $66,264,000 after purchasing an additional 80,382 shares during the last quarter. Secured Retirement Advisors LLC acquired a new position in Nutrien during the 4th quarter valued at about $654,000. Finally, Abel Hall LLC bought a new position in Nutrien in the 4th quarter worth about $276,000. Institutional investors own 63.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NTR. Wells Fargo & Company boosted their price objective on Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. The Goldman Sachs Group started coverage on Nutrien in a research note on Thursday, March 13th. They issued a "sell" rating and a $53.00 price target for the company. 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. Royal Bank of Canada reissued an "outperform" rating and set a $60.00 target price on shares of Nutrien in a research note on Monday, February 24th. Finally, Berenberg Bank upped their price target on shares of Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.27.

Nutrien Trading Up 2.8 %

Shares of NYSE:NTR traded up $1.51 during midday trading on Monday, reaching $55.56. The company had a trading volume of 2,943,875 shares, compared to its average volume of 2,101,620. The company has a fifty day simple moving average of $51.18 and a two-hundred day simple moving average of $49.45. The firm has a market cap of $27.16 billion, a price-to-earnings ratio of 40.56, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. 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 released its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. Research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were given a $0.545 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 3.92%. Nutrien's dividend payout ratio (DPR) is presently 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.