Nutrien Ltd. (NYSE:NTR) Shares Acquired by Easterly Investment Partners LLC

Easterly Investment Partners LLC boosted its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 75.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 206,009 shares of the company's stock after buying an additional 88,574 shares during the period. Easterly Investment Partners LLC's holdings in Nutrien were worth $10,232,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Nutrien in the 4th quarter worth about $241,958,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Nutrien by 159.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company's stock worth $242,976,000 after purchasing an additional 3,341,169 shares during the period. Barclays PLC raised its holdings in shares of Nutrien by 192.7% in the 4th quarter. Barclays PLC now owns 411,056 shares of the company's stock worth $18,395,000 after purchasing an additional 854,543 shares during the period. Deutsche Bank AG raised its holdings in shares of Nutrien by 11.3% in the 4th quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock worth $317,951,000 after purchasing an additional 721,935 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Nutrien by 30.3% in the 4th quarter. Geode Capital Management LLC now owns 3,022,551 shares of the company's stock worth $137,202,000 after purchasing an additional 702,948 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NTR shares. UBS Group raised their price objective on Nutrien from $52.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Morgan Stanley raised their target price on Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. Oppenheimer raised their target price on Nutrien from $63.00 to $65.00 and gave the company an "outperform" rating in a report on Tuesday. Bank of America raised their target price on Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Raymond James Financial downgraded Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 target price on the stock. in a report on Tuesday, June 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Nutrien has a consensus rating of "Hold" and a consensus target price of $62.78.

Nutrien Stock Performance

Shares of NTR traded down $0.17 during mid-day trading on Thursday, hitting $58.29. The stock had a trading volume of 1,731,486 shares, compared to its average volume of 2,187,169. The company has a market cap of $28.39 billion, a PE ratio of 54.48, a PEG ratio of 1.08 and a beta of 0.80. The company's fifty day simple moving average is $59.61 and its two-hundred day simple moving average is $54.15. 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 fifty-two week low of $43.70 and a fifty-two week high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a return on equity of 6.08% and a net margin of 2.05%. Nutrien's revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. On average, equities analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently disclosed 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 of this dividend is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a yield of 3.74%. Nutrien's dividend payout ratio is currently 203.74%.

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.