530,000 Shares in Nutrien Ltd. $NTR Acquired by NFJ Investment Group LLC

Key Points

• NFJ Investment Group acquired 530,000 Nutrien shares worth approximately $33.7 million, giving it a 0.11% stake. Institutional investors collectively own 63.1% of the fertilizer company.
• Analyst sentiment remains broadly positive, with 17 Buy, three Hold, and one Sell rating. Nutrien has a consensus “Moderate Buy” rating and an average price target of $81.58.
• Nutrien reported quarterly revenue of $10.81 billion, up 3.6% year over year, although adjusted earnings of $2.61 per share fell short of estimates. The company also declared a quarterly dividend of $0.55 per share, yielding about 3.0% annually.

NFJ Investment Group LLC acquired a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 530,000 shares of the company's stock, valued at approximately $33,674,000. NFJ Investment Group LLC owned about 0.11% of Nutrien as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP raised its position in shares of Nutrien by 440.2% during the 4th quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company's stock valued at $1,008,713,000 after acquiring an additional 13,313,817 shares during the last quarter. Deutsche Bank AG bought a new position in shares of Nutrien in the 2nd quarter worth $588,720,000. Norges Bank bought a new position in shares of Nutrien in the 4th quarter worth $412,635,000. BlackRock Inc. acquired a new stake in shares of Nutrien during the second quarter worth $220,942,000. Finally, TD Asset Management Inc increased its holdings in Nutrien by 21.2% in the fourth quarter. TD Asset Management Inc now owns 8,928,534 shares of the company's stock valued at $551,821,000 after purchasing an additional 1,559,673 shares during the last quarter. 63.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group cut their target price on Nutrien from $67.00 to $65.00 and set a "sell" rating on the stock in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Nutrien in a research report on Monday, August 10th. Raymond James Financial raised Nutrien from a "market perform" rating to an "outperform" rating and upped their price target for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. Berenberg Bank set a $65.00 price target on shares of Nutrien and gave the company a "hold" rating in a research report on Wednesday, June 10th. Finally, National Bank Financial reduced their price objective on shares of Nutrien from $76.00 to $74.00 and set an "outperform" rating on the stock in a research note on Monday, August 10th. Seventeen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $81.58.

Nutrien Stock Performance

NTR stock opened at $73.19 on Friday. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. The firm has a market cap of $35.01 billion, a PE ratio of 14.82, a P/E/G ratio of 0.70 and a beta of 0.61. The business's 50-day moving average price is $66.26 and its two-hundred day moving average price is $70.38.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing analysts' consensus estimates of $2.70 by ($0.09). Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The business had revenue of $10.81 billion for the quarter, compared to analyst estimates of $10.44 billion. During the same period in the prior year, the business earned $2.65 EPS. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts forecast that Nutrien Ltd. will post 5.01 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, September 29th. Nutrien's dividend payout ratio (DPR) is 44.53%.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien's business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.

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