Allianz Asset Management GmbH Purchases 585,002 Shares of Nutrien Ltd. (NYSE:NTR)

Allianz Asset Management GmbH grew its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 789.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 659,150 shares of the company's stock after buying an additional 585,002 shares during the quarter. Allianz Asset Management GmbH owned 0.14% of Nutrien worth $32,709,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in shares of Nutrien by 117.1% in the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock valued at $50,000 after purchasing an additional 506 shares in the last quarter. GAMMA Investing LLC boosted its stake in Nutrien by 4,866.7% in the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after buying an additional 1,022 shares in the last quarter. Summit Securities Group LLC grew its position in Nutrien by 225.0% in the fourth quarter. Summit Securities Group LLC now owns 1,300 shares of the company's stock valued at $58,000 after acquiring an additional 900 shares during the last quarter. HM Payson & Co. acquired a new position in Nutrien during the first quarter worth about $65,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Nutrien by 163.7% in the first quarter. Bessemer Group Inc. now owns 1,690 shares of the company's stock worth $84,000 after acquiring an additional 1,049 shares during the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Performance

NTR traded down $0.20 during trading hours on Friday, hitting $60.09. The stock had a trading volume of 986,871 shares, compared to its average volume of 1,838,592. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08. The company's fifty day simple moving average is $60.04 and its 200 day simple moving average is $54.86. The stock has a market cap of $29.27 billion, a PE ratio of 56.16, a price-to-earnings-growth ratio of 1.09 and a beta of 0.80. The company has a quick ratio of 0.59, a current ratio of 1.22 and a debt-to-equity ratio of 0.41.

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

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.63%. The ex-dividend date was Monday, June 30th. Nutrien's dividend payout ratio is presently 203.74%.

Analysts Set New Price Targets

Several equities analysts recently commented on NTR shares. Royal Bank Of Canada reissued an "outperform" rating on shares of Nutrien in a research note on Monday, July 14th. Wells Fargo & Company increased their price target on Nutrien from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Berenberg Bank raised their price objective on Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, April 15th. UBS Group upped their target price on Nutrien from $56.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Oppenheimer lifted their price target on Nutrien from $63.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $63.22.

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.