Genus Capital Management Inc. Invests $1.43 Million in Nutrien Ltd. (NYSE:NTR)

Genus Capital Management Inc. acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 28,800 shares of the company's stock, valued at approximately $1,429,000.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Nutrien in the fourth quarter worth about $241,958,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Nutrien by 159.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company's stock worth $242,976,000 after purchasing an additional 3,341,169 shares during the period. Barclays PLC boosted its position in Nutrien by 192.7% in the fourth quarter. Barclays PLC now owns 411,056 shares of the company's stock valued at $18,395,000 after buying an additional 854,543 shares during the last quarter. Deutsche Bank AG boosted its position in Nutrien by 11.3% in the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock valued at $317,951,000 after buying an additional 721,935 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Nutrien by 30.3% in the fourth quarter. Geode Capital Management LLC now owns 3,022,551 shares of the company's stock valued at $137,202,000 after buying an additional 702,948 shares during the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Price Performance

Shares of NYSE:NTR traded up $0.15 during midday trading on Friday, reaching $60.95. 2,660,635 shares of the company's stock traded hands, compared to its average volume of 2,189,876. The company has a fifty day simple moving average of $59.33 and a two-hundred day simple moving average of $53.72. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $65.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. The company has a market cap of $29.69 billion, a P/E ratio of 56.96, a PEG ratio of 1.15 and a beta of 0.80.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). The firm had revenue of $4.67 billion during the quarter, compared to analysts' expectations of $5.16 billion. Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The company's revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. Equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a $0.545 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a yield of 3.58%. Nutrien's payout ratio is currently 203.74%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NTR. Raymond James Financial lowered Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 target price on the stock. in a research report on Tuesday, June 17th. Barclays upped their target price on Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a research report on Monday. UBS Group upped their target price on Nutrien from $52.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $66.00 target price (up previously from $63.00) on shares of Nutrien in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Nutrien has an average rating of "Hold" and an average target price of $62.50.

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.