Nutrien Ltd. (NYSE:NTR) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,778,500 shares of the company's stock after acquiring an additional 325,210 shares during the quarter. Vanguard Group Inc. owned about 4.03% of Nutrien worth $885,009,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in shares of Nutrien in the fourth quarter worth about $27,000. HHM Wealth Advisors LLC boosted its holdings in Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after acquiring an additional 480 shares during the period. Assetmark Inc. grew its position in Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after acquiring an additional 690 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of Nutrien during the fourth quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after purchasing an additional 416 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Stock Performance

NTR stock traded up $0.73 during midday trading on Thursday, reaching $50.68. The company had a trading volume of 3,410,210 shares, compared to its average volume of 2,024,844. The firm has a market capitalization of $24.77 billion, a PE ratio of 36.99, a P/E/G ratio of 1.19 and a beta of 0.77. The stock has a 50 day moving average price of $51.41 and a 200 day moving average price of $49.08. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

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Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data 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 company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. Analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a $0.545 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.30%. Nutrien's payout ratio is currently 159.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NTR shares. The Goldman Sachs Group started coverage on shares of Nutrien in a research note on Thursday, March 13th. They set a "sell" rating and a $53.00 price target on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $60.00 target price on shares of Nutrien in a research report on Monday, February 24th. Barclays increased their price target on Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th. Wells Fargo & Company lifted their price objective on Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a report on Friday, February 21st. Finally, Scotiabank increased their target price on Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $60.00.

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.