Lansforsakringar Fondforvaltning AB publ Purchases New Shares in Nutrien Ltd. (NYSE:NTR)

Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 110,770 shares of the company's stock, valued at approximately $4,952,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Nutrien by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,886,376 shares of the company's stock worth $84,367,000 after purchasing an additional 144,025 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Nutrien by 5.7% during the fourth quarter. Van ECK Associates Corp now owns 1,480,870 shares of the company's stock worth $66,264,000 after purchasing an additional 80,382 shares during the last quarter. Secured Retirement Advisors LLC bought a new stake in shares of Nutrien during the fourth quarter worth about $654,000. Abel Hall LLC bought a new stake in shares of Nutrien during the fourth quarter worth about $276,000. Finally, Sanctuary Advisors LLC grew its holdings in shares of Nutrien by 12.3% during the fourth quarter. Sanctuary Advisors LLC now owns 36,815 shares of the company's stock worth $1,647,000 after purchasing an additional 4,028 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank of Canada boosted their price target on Nutrien from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Bank of America upped 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. UBS Group upped their target price on Nutrien from $52.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. CIBC upped their target price on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a report on Tuesday, February 25th. Finally, Berenberg Bank upped their target price on Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Nutrien currently has an average rating of "Hold" and a consensus price target of $61.44.

Nutrien Trading Up 0.5%

NTR traded up $0.27 during trading on Friday, hitting $59.05. The company's stock had a trading volume of 2,553,457 shares, compared to its average volume of 2,153,754. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.50. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The stock's fifty day moving average price is $54.14 and its 200-day moving average price is $50.98. The firm has a market capitalization of $28.83 billion, a P/E ratio of 43.10, a PEG ratio of 1.19 and a beta of 0.79.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results 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). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period in the previous year, the company earned $0.46 earnings per share. Nutrien's revenue for the quarter was down 5.4% compared to the same quarter last year. Analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The company also recently announced 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 3.69%. The ex-dividend date is Monday, June 30th. Nutrien's payout ratio is 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.