Nutrien Ltd. (NYSE:NTR) Shares Acquired by ARGA Investment Management LP

ARGA Investment Management LP increased its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,510,844 shares of the company's stock after purchasing an additional 467,254 shares during the period. Nutrien makes up about 10.8% of ARGA Investment Management LP's portfolio, making the stock its biggest holding. ARGA Investment Management LP owned approximately 1.33% of Nutrien worth $323,132,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in shares of Nutrien by 3.5% during the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock worth $331,000 after buying an additional 247 shares in the last quarter. Tidal Investments LLC raised its stake in Nutrien by 2.9% in the 4th quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock worth $459,000 after purchasing an additional 293 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Nutrien by 23.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock worth $81,000 after purchasing an additional 348 shares in the last quarter. PKO Investment Management Joint Stock Co boosted its holdings in Nutrien by 2.5% in the 1st quarter. PKO Investment Management Joint Stock Co now owns 16,296 shares of the company's stock valued at $811,000 after purchasing an additional 400 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Nutrien by 11.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,736 shares of the company's stock worth $212,000 after purchasing an additional 477 shares during the period. 63.10% of the stock is currently owned by institutional investors.

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 were exchanged, compared to its average volume of 2,189,876. The stock's 50-day moving average price is $59.41 and its 200-day moving average price is $53.83. The stock 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. 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 Ltd. has a one year low of $43.70 and a one year high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last issued 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 return on equity of 6.08% and a net margin of 2.05%. The company's revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. On average, sell-side analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be given a dividend of $0.545 per share. The ex-dividend date is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.58%. Nutrien's dividend payout ratio is presently 203.74%.

Analyst Ratings Changes

A number of equities analysts have commented on NTR shares. Raymond James Financial lowered Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price objective on the stock. in a research note on Tuesday, June 17th. Oppenheimer raised their price target on Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Berenberg Bank upped their price objective on shares of Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, April 15th. Royal Bank Of Canada increased their price objective on shares of Nutrien from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. Finally, The Goldman Sachs Group raised their target price on shares of Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Nutrien presently has an average rating of "Hold" and a consensus price target 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.