Nutrien Ltd. $NTR Stake Boosted by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its holdings in Nutrien Ltd. by 8.2% in Q1, owning 487,601 shares valued at approximately $24.2 million.
• Nutrien recently reported a quarterly EPS of $2.65, exceeding analysts’ estimates of $2.41, with a revenue of $10.3 billion.
• A quarterly dividend of $0.545 was declared, with a yield of 3.8%, payable on October 17th to shareholders of record on September 29th.

American Century Companies Inc. boosted its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 8.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 487,601 shares of the company's stock after buying an additional 36,938 shares during the quarter. American Century Companies Inc. owned approximately 0.10% of Nutrien worth $24,200,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Nutrien by 16.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,923,879 shares of the company's stock worth $244,583,000 after purchasing an additional 710,908 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Nutrien during the 1st quarter worth approximately $661,000. Moerus Capital Management LLC increased its stake in shares of Nutrien by 2.9% during the 1st quarter. Moerus Capital Management LLC now owns 658,953 shares of the company's stock worth $32,730,000 after purchasing an additional 18,451 shares in the last quarter. Seaview Investment Managers LLC grew its stake in Nutrien by 109.7% in the 1st quarter. Seaview Investment Managers LLC now owns 12,375 shares of the company's stock worth $614,000 after acquiring an additional 6,475 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its stake in Nutrien by 1,069.6% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 74,456 shares of the company's stock worth $3,698,000 after acquiring an additional 68,090 shares during the period. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Price Performance

Nutrien stock traded down $0.08 during mid-day trading on Wednesday, hitting $58.47. The company's stock had a trading volume of 1,473,679 shares, compared to its average volume of 2,248,645. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $28.42 billion, a P/E ratio of 20.96, a P/E/G ratio of 0.98 and a beta of 0.81. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08. The stock's fifty day moving average price is $59.05 and its two-hundred day moving average price is $55.81.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, topping analysts' consensus estimates of $2.41 by $0.24. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The firm had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.40 billion. During the same quarter last year, the business posted $2.34 EPS. The company's revenue was up 2.8% on a year-over-year basis. Research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a yield of 3.7%. Nutrien's dividend payout ratio (DPR) is currently 78.14%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Nutrien from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Zacks Research raised shares of Nutrien from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 18th. Morgan Stanley upped their price objective on shares of Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Royal Bank Of Canada reissued an "outperform" rating on shares of Nutrien in a research report on Monday, July 14th. Finally, The Goldman Sachs Group increased their price target on shares of Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a research report on Friday, May 9th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $62.65.

About Nutrien

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.