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

ARGA Investment Management LP increased its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,510,844 shares of the company's stock after acquiring an additional 467,254 shares during the quarter. Nutrien comprises about 10.8% of ARGA Investment Management LP's portfolio, making the stock its largest holding. ARGA Investment Management LP owned approximately 1.33% of Nutrien worth $323,132,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in shares of Nutrien by 3.5% during the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock worth $331,000 after purchasing an additional 247 shares during the period. Tidal Investments LLC increased its holdings in Nutrien by 2.9% during 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 during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Nutrien by 23.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after acquiring an additional 348 shares in the last quarter. PKO Investment Management Joint Stock Co lifted its position in shares of Nutrien by 2.5% in the 1st quarter. PKO Investment Management Joint Stock Co now owns 16,296 shares of the company's stock worth $811,000 after purchasing an additional 400 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Nutrien by 11.2% during the 4th 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 last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NTR. TD Securities lifted their price target on shares of Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a report on Monday, May 12th. UBS Group upped their price objective on shares of Nutrien from $52.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Raymond James Financial cut shares of Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price target for the company. in a report on Tuesday, June 17th. Barclays lifted their price target on Nutrien from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, Morgan Stanley increased their price objective on Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $62.29.

Nutrien Stock Up 1.4%

NYSE NTR traded up $0.86 during trading on Wednesday, reaching $62.23. The company's stock had a trading volume of 1,752,012 shares, compared to its average volume of 2,192,486. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $30.31 billion, a PE ratio of 58.16, a PEG ratio of 1.17 and a beta of 0.80. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $65.08. The business has a 50-day moving average price of $59.14 and a 200-day moving average price of $53.55.

Nutrien (NYSE:NTR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.24). The company 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%. Nutrien's quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share. On average, research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be paid 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 of this dividend is Monday, June 30th. Nutrien's dividend payout ratio is currently 203.74%.

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.