M&T Bank Corp Has $2.36 Million Holdings in Nutrien Ltd. $NTR

Key Points

• M&T Bank Corp boosted its stake in Nutrien by 258.1% in Q4, adding 27,553 shares to hold 38,227 shares valued at $2.359 million per its latest 13F filing.
• Nutrien paid a quarterly dividend of $0.55 (paid Apr 16), equal to an annualized $2.20 and a ~3.0% yield with a payout ratio of 47.21%.
• The company missed quarterly estimates — EPS $0.83 vs. $0.87 expected and revenue $5.12B vs. $5.26B — and analysts are mixed (10 Buys, 8 Holds, 2 Sells) with an average target of about $80.06.

M&T Bank Corp increased its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 258.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,227 shares of the company's stock after buying an additional 27,553 shares during the quarter. M&T Bank Corp's holdings in Nutrien were worth $2,359,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NTR. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Nutrien by 19.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company's stock valued at $834,962,000 after buying an additional 2,276,651 shares during the last quarter. TD Asset Management Inc lifted its holdings in Nutrien by 16.5% during the 3rd quarter. TD Asset Management Inc now owns 7,368,861 shares of the company's stock valued at $432,838,000 after purchasing an additional 1,043,766 shares during the last quarter. Black Creek Investment Management Inc. lifted its holdings in Nutrien by 57.3% during the 3rd quarter. Black Creek Investment Management Inc. now owns 2,367,244 shares of the company's stock valued at $139,050,000 after purchasing an additional 862,487 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in Nutrien by 152.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,372,863 shares of the company's stock valued at $80,662,000 after purchasing an additional 829,275 shares during the last quarter. Finally, Man Group plc lifted its holdings in Nutrien by 5,178.4% during the 3rd quarter. Man Group plc now owns 775,919 shares of the company's stock valued at $45,577,000 after purchasing an additional 761,219 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Stock Up 1.1%

NTR stock opened at $72.33 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.34 and a quick ratio of 0.70. The stock has a market capitalization of $34.77 billion, a price-to-earnings ratio of 15.52 and a beta of 0.69. The business's fifty day moving average price is $74.63 and its two-hundred day moving average price is $66.31. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.04). The firm had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. On average, equities analysts anticipate that Nutrien Ltd. will post 4.78 earnings per share for the current year.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Tuesday, March 31st were given a $0.55 dividend. The ex-dividend date was Tuesday, March 31st. This is an increase from Nutrien's previous quarterly dividend of $0.55. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.0%. Nutrien's dividend payout ratio (DPR) is 47.21%.

Analyst Ratings Changes

Several brokerages have issued reports on NTR. TD Securities raised their price target on Nutrien from $80.00 to $81.00 and gave the company a "buy" rating in a report on Tuesday, February 17th. UBS Group downgraded Nutrien from a "neutral" rating to a "sell" rating and raised their price target for the company from $63.00 to $67.00 in a report on Thursday, March 26th. BMO Capital Markets raised their price target on Nutrien from $85.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, March 18th. Oppenheimer raised their price target on Nutrien from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. raised their price target on Nutrien from $68.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, February 20th. Ten research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Nutrien currently has an average rating of "Hold" and an average target price of $80.06.

Nutrien Company Profile

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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