Nutrien Ltd. (NYSE:NTR) Shares Purchased by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 60.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,893 shares of the company's stock after buying an additional 11,287 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Nutrien were worth $1,322,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in Nutrien in the 3rd quarter valued at $815,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Nutrien in the third quarter worth about $2,237,000. Syntax Research Inc. grew its stake in shares of Nutrien by 11.4% in the third quarter. Syntax Research Inc. now owns 64,836 shares of the company's stock valued at $3,116,000 after buying an additional 6,637 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Nutrien by 32.1% during the 4th quarter. CWA Asset Management Group LLC now owns 8,815 shares of the company's stock valued at $394,000 after buying an additional 2,141 shares during the period. Finally, Moody National Bank Trust Division lifted its position in Nutrien by 127.1% during the 4th quarter. Moody National Bank Trust Division now owns 13,698 shares of the company's stock worth $613,000 after acquiring an additional 7,665 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NTR. Royal Bank of Canada reiterated an "outperform" rating and set a $60.00 price objective on shares of Nutrien in a research note on Monday, February 24th. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. Barclays boosted their price target on Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note 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, Mizuho raised their price target on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $59.27.

Nutrien Stock Performance

NYSE NTR traded up $0.30 during trading hours on Wednesday, hitting $57.11. The company had a trading volume of 3,357,655 shares, compared to its average volume of 2,114,086. The business has a fifty day simple moving average of $51.26 and a 200-day simple moving average of $49.50. The firm has a market cap of $27.88 billion, a P/E ratio of 41.69, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last posted its 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. Equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.82%. The ex-dividend date was Monday, March 31st. Nutrien's payout ratio is currently 159.12%.

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.