Barings LLC Decreases Position in Nutrien Ltd (NYSE:NTR)

Barings LLC trimmed its stake in Nutrien Ltd (NYSE:NTR) by 17.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 469,899 shares of the company’s stock after selling 96,249 shares during the period. Barings LLC owned about 0.08% of Nutrien worth $24,792,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc lifted its holdings in Nutrien by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 16,810,545 shares of the company’s stock valued at $969,968,000 after purchasing an additional 68,304 shares during the last quarter. FMR LLC raised its stake in shares of Nutrien by 12.3% in the fourth quarter. FMR LLC now owns 16,680,675 shares of the company’s stock worth $783,535,000 after acquiring an additional 1,824,741 shares during the last quarter. Boston Partners raised its stake in shares of Nutrien by 39.4% in the first quarter. Boston Partners now owns 12,584,872 shares of the company’s stock worth $663,978,000 after acquiring an additional 3,556,556 shares during the last quarter. TD Asset Management Inc. raised its stake in shares of Nutrien by 3.9% in the first quarter. TD Asset Management Inc. now owns 8,266,777 shares of the company’s stock worth $436,127,000 after acquiring an additional 309,354 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Nutrien by 4.4% in the first quarter. CIBC Asset Management Inc now owns 7,273,792 shares of the company’s stock worth $383,622,000 after acquiring an additional 309,472 shares during the last quarter. Institutional investors own 66.98% of the company’s stock.

A number of equities analysts have weighed in on NTR shares. Cowen reaffirmed an “outperform” rating and issued a $63.00 target price (down from $66.00) on shares of Nutrien in a research note on Tuesday, April 23rd. Raymond James reissued a “strong-buy” rating and set a $70.00 price target on shares of Nutrien in a research note on Thursday, March 14th. Finally, Zacks Investment Research raised shares of Nutrien from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $61.50.

NYSE NTR traded up $0.22 during trading on Friday, reaching $53.27. 2,063,630 shares of the stock traded hands, compared to its average volume of 1,705,034. The stock has a market cap of $30.60 billion, a P/E ratio of 19.80, a P/E/G ratio of 2.24 and a beta of 0.84. Nutrien Ltd has a fifty-two week low of $43.96 and a fifty-two week high of $58.99.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.04). The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.71 billion. Nutrien had a net margin of 18.41% and a return on equity of 12.95%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. On average, analysts forecast that Nutrien Ltd will post 2.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, June 27th. Nutrien’s dividend payout ratio is currently 63.94%.

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Nutrien Profile

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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