Nutrien Ltd. (NYSE:NTR) Shares Acquired by Platinum Investment Management Ltd.

Platinum Investment Management Ltd. lifted its holdings in Nutrien Ltd. (NYSE:NTRFree Report) by 35.0% in the fourth quarter, HoldingsChannel reports. The firm owned 2,814 shares of the company’s stock after buying an additional 729 shares during the quarter. Platinum Investment Management Ltd.’s holdings in Nutrien were worth $159,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Nutrien during the fourth quarter worth about $332,716,000. The Manufacturers Life Insurance Company lifted its position in shares of Nutrien by 51.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,853,165 shares of the company’s stock worth $425,881,000 after purchasing an additional 2,322,679 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Nutrien by 28.6% during the fourth quarter. TD Asset Management Inc now owns 9,226,352 shares of the company’s stock worth $522,309,000 after purchasing an additional 2,050,358 shares in the last quarter. Parnassus Investments LLC increased its holdings in Nutrien by 19.5% in the fourth quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock valued at $676,928,000 after buying an additional 1,960,162 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in Nutrien by 18,312.9% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,595,295 shares of the company’s stock worth $89,862,000 after buying an additional 1,586,631 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NTR shares. Wolfe Research began coverage on Nutrien in a research report on Friday, March 1st. They set an “outperform” rating and a $66.00 target price on the stock. JPMorgan Chase & Co. downgraded Nutrien from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $58.00 to $48.00 in a report on Friday, February 23rd. TD Securities dropped their price target on Nutrien from $75.00 to $67.00 and set a “buy” rating on the stock in a research note on Tuesday, February 20th. CIBC dropped their price objective on shares of Nutrien from $87.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Finally, HSBC decreased their price target on Nutrien from $63.00 to $57.00 and set a “hold” rating for the company in a report on Friday, March 8th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Nutrien presently has a consensus rating of “Hold” and a consensus price target of $67.32.

Check Out Our Latest Research Report on NTR

Nutrien Trading Down 0.8 %

Shares of NYSE NTR traded down $0.46 during midday trading on Friday, hitting $55.41. The stock had a trading volume of 1,290,319 shares, compared to its average volume of 1,392,315. The company has a market capitalization of $27.41 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 1.79 and a beta of 0.87. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. Nutrien Ltd. has a 1-year low of $47.90 and a 1-year high of $69.12. The company has a fifty day moving average price of $55.60 and a 200 day moving average price of $54.01.

Nutrien (NYSE:NTRGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.34 by $0.11. The business had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.38 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. On average, analysts predict that Nutrien Ltd. will post 3.9 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 28th will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, June 28th. This represents a $2.16 annualized dividend and a dividend yield of 3.90%. Nutrien’s payout ratio is currently 126.32%.

Nutrien Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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