Wellington Management Group LLP Boosts Position in Nutrien Ltd. (NYSE:NTR)

Wellington Management Group LLP boosted its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 12.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,396,887 shares of the company's stock after purchasing an additional 151,596 shares during the period. Wellington Management Group LLP owned about 0.28% of Nutrien worth $67,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Bank of Montreal Can raised its stake in shares of Nutrien by 15.5% during the 2nd quarter. Bank of Montreal Can now owns 13,354,385 shares of the company's stock valued at $719,668,000 after buying an additional 1,794,333 shares during the last quarter. Silchester International Investors LLP grew its holdings in Nutrien by 164.4% during the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company's stock worth $513,437,000 after acquiring an additional 6,642,075 shares during the period. 1832 Asset Management L.P. raised its position in Nutrien by 1.9% during the second quarter. 1832 Asset Management L.P. now owns 9,006,528 shares of the company's stock valued at $458,522,000 after acquiring an additional 167,312 shares in the last quarter. Altshuler Shaham Ltd lifted its holdings in Nutrien by 8.1% in the second quarter. Altshuler Shaham Ltd now owns 5,990,374 shares of the company's stock valued at $304,970,000 after acquiring an additional 446,340 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Nutrien by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,145,375 shares of the company's stock worth $261,985,000 after purchasing an additional 399,348 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Price Performance

NTR traded down $0.67 on Wednesday, hitting $47.88. 1,973,675 shares of the company's stock were exchanged, compared to its average volume of 1,959,057. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $60.87. The stock has a market cap of $23.65 billion, a price-to-earnings ratio of 32.32, a P/E/G ratio of 1.69 and a beta of 0.80. The firm has a 50-day moving average price of $47.96 and a 200-day moving average price of $49.18. 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 (NYSE:NTR - Get Free Report) last posted its quarterly 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 return on equity of 6.99% and a net margin of 2.79%. The business had revenue of $5.35 billion during the quarter, compared to analysts' expectations of $5.26 billion. During the same period in the prior year, the business posted $0.35 earnings per share. The business's quarterly revenue was down 5.0% on a year-over-year basis. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.54 earnings per share for the current year.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This is a boost from Nutrien's previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a dividend yield of 7.84%. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien's payout ratio is currently 144.97%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company lowered shares of Nutrien from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $62.00 to $50.00 in a report on Tuesday, September 24th. UBS Group cut shares of Nutrien from a "buy" rating to a "neutral" rating and cut their price objective for the company from $66.00 to $51.00 in a report on Thursday, October 10th. Barclays lowered their target price on shares of Nutrien from $68.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, August 16th. Royal Bank of Canada restated an "outperform" rating and issued a $60.00 price target on shares of Nutrien in a research note on Friday, September 20th. Finally, Raymond James upgraded Nutrien from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $58.89.

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.