Capital International Investors Purchases 95,274 Shares of Nutrien Ltd. $NTR

Key Points

• Capital International Investors raised its stake in Nutrien by 1.7%, buying 95,274 shares to own 5,539,645 shares (about 1.14% of the company) valued at roughly $325.3 million.
• After several analyst target hikes, Nutrien holds a consensus rating of Hold with an average price target of $72.82 (analyst opinions: 8 Buy, 11 Hold, 1 Sell).
• Nutrien declared a quarterly dividend of $0.55 (annualized $2.20, ~2.9% yield) with an ex-dividend date of March 31 and a payment date of April 16.

Capital International Investors increased its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,539,645 shares of the company's stock after purchasing an additional 95,274 shares during the quarter. Capital International Investors owned approximately 1.14% of Nutrien worth $325,325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of Nutrien in the 3rd quarter valued at about $37,000. Geneos Wealth Management Inc. raised its stake in shares of Nutrien by 42.4% during the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company's stock worth $43,000 after buying an additional 219 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Nutrien during the first quarter worth approximately $54,000. Bessemer Group Inc. lifted its holdings in Nutrien by 27.7% in the third quarter. Bessemer Group Inc. now owns 937 shares of the company's stock valued at $55,000 after buying an additional 203 shares during the period. Finally, AlphaCore Capital LLC acquired a new position in Nutrien in the second quarter valued at approximately $56,000. 63.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on NTR shares. Bank of America lifted their target price on shares of Nutrien from $64.00 to $71.00 and gave the stock a "neutral" rating in a report on Friday, February 20th. Oppenheimer increased their price target on Nutrien from $76.00 to $78.00 and gave the company an "outperform" rating in a research note on Thursday, February 26th. Raymond James Financial raised their price target on Nutrien from $68.00 to $74.00 and gave the stock a "market perform" rating in a research report on Friday, February 20th. Royal Bank Of Canada lifted their price objective on Nutrien from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, February 23rd. Finally, BNP Paribas Exane downgraded Nutrien from an "outperform" rating to a "neutral" rating in a report on Monday, February 23rd. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $72.82.

Nutrien Trading Up 0.4%

NTR opened at $76.10 on Wednesday. The firm's fifty day moving average is $69.01 and its two-hundred day moving average is $62.17. The firm has a market cap of $36.62 billion, a PE ratio of 16.33 and a beta of 0.70. Nutrien Ltd. has a twelve month low of $45.78 and a twelve month high of $78.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.34.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.04). Nutrien had a net margin of 8.43% and a return on equity of 8.41%. The firm had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the firm earned $0.31 EPS. Nutrien's quarterly revenue was up 5.1% on a year-over-year basis. Equities research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be paid a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Nutrien's previous quarterly dividend of $0.55. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. Nutrien's payout ratio is presently 46.78%.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien's business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.

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