Nutrien Ltd. (NYSE:NTR) Stock Holdings Lifted by ARGA Investment Management LP

ARGA Investment Management LP lifted its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,510,844 shares of the company's stock after acquiring an additional 467,254 shares during the period. Nutrien makes up 10.8% of ARGA Investment Management LP's holdings, making the stock its biggest holding. ARGA Investment Management LP owned 1.33% of Nutrien worth $323,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in Nutrien during the 4th quarter worth approximately $27,000. Assetmark Inc. increased its holdings in shares of Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after buying an additional 690 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Nutrien by 4,866.7% in the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after buying an additional 1,022 shares during the last quarter. Summit Securities Group LLC increased its holdings in shares of Nutrien by 225.0% in the 4th quarter. Summit Securities Group LLC now owns 1,300 shares of the company's stock worth $58,000 after buying an additional 900 shares during the last quarter. Finally, HM Payson & Co. bought a new position in shares of Nutrien in the 1st quarter worth $65,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Stock Up 1.5%

NYSE:NTR traded up $0.93 on Wednesday, reaching $62.30. 366,972 shares of the stock traded hands, compared to its average volume of 2,189,802. The company has a market capitalization of $30.35 billion, a price-to-earnings ratio of 58.23, a PEG ratio of 1.15 and a beta of 0.80. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $65.08. The company's fifty day simple moving average is $59.14 and its 200 day simple moving average is $53.55.

Nutrien (NYSE:NTR - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $5.16 billion. Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. Equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Monday, June 30th. Nutrien's payout ratio is 203.74%.

Analyst Upgrades and Downgrades

NTR has been the topic of a number of research analyst reports. Oppenheimer increased their price target on shares of Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Bank of America increased their price target on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Scotiabank cut shares of Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective for the company. in a research note on Thursday, May 22nd. BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, UBS Group increased their price target on shares of Nutrien from $52.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Nutrien currently has an average rating of "Hold" and a consensus target price of $62.29.

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.