APG Asset Management N.V. Has $14.72 Million Holdings in Nutrien Ltd. $NTR

Key Points

• APG Asset Management N.V. reduced its stake in Nutrien Ltd. by 4.7%, selling 15,882 shares and retaining a total of 320,423 shares valued at $14.72 million.
• In the same quarter, other institutional investors such as Vanguard and JP Morgan significantly increased their stakes in Nutrien, indicating strong institutional interest in the company.
• Nutrien's recent earnings report showed a quarterly EPS of $2.65, surpassing analysts' expectations, while the company announced a quarterly dividend of $0.545 per share with a yield of 3.8%.

APG Asset Management N.V. decreased its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 320,423 shares of the company's stock after selling 15,882 shares during the quarter. APG Asset Management N.V. owned 0.07% of Nutrien worth $14,720,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NTR. Public Sector Pension Investment Board raised its stake in shares of Nutrien by 0.4% in the 1st quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company's stock worth $2,349,000 after buying an additional 200 shares in the last quarter. Blume Capital Management Inc. lifted its holdings in Nutrien by 0.7% in the 1st quarter. Blume Capital Management Inc. now owns 31,796 shares of the company's stock valued at $1,579,000 after acquiring an additional 220 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Nutrien by 2.9% during the 4th quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock valued at $459,000 after purchasing an additional 293 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its stake in shares of Nutrien by 5.9% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 5,532 shares of the company's stock worth $275,000 after purchasing an additional 309 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of Nutrien by 94.8% in the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company's stock worth $35,000 after purchasing an additional 348 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Up 1.0%

Shares of Nutrien stock traded up $0.61 on Thursday, hitting $58.78. 3,321,870 shares of the company traded hands, compared to its average volume of 2,261,061. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $65.08. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. The company has a market cap of $28.57 billion, a PE ratio of 21.07, a PEG ratio of 0.99 and a beta of 0.81. The company has a 50-day moving average price of $58.97 and a 200 day moving average price of $55.82.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.40 billion. During the same period last year, the company earned $2.34 earnings per share. Nutrien's quarterly revenue was up 2.8% compared to the same quarter last year. Sell-side analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be issued a $0.545 dividend. The ex-dividend date is Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a yield of 3.7%. Nutrien's dividend payout ratio is currently 78.14%.

Analyst Upgrades and Downgrades

NTR has been the subject of a number of research reports. Oppenheimer raised their target price on shares of Nutrien from $63.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Scotiabank decreased their target price on Nutrien from $62.00 to $60.00 and set a "sector perform" rating on the stock in a report on Monday, August 11th. Jefferies Financial Group reaffirmed a "hold" rating and set a $66.00 target price (up from $63.00) on shares of Nutrien in a report on Friday, July 11th. Morgan Stanley lifted their price target on Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Finally, UBS Group reduced their price objective on shares of Nutrien from $64.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $62.65.

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.