UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Holdings in Nutrien Ltd. $NTR

Key Points

• UBS Asset Management raised its stake in Nutrien Ltd. by 1.0%, owning approximately 736,996 shares worth $36,607,000 as of the latest SEC filing.
• Institutional investors now own 63.10% of Nutrien, with significant increases in positions from firms such as Harbour Investments and GAMMA Investing.
• Nutrien recently declared a quarterly dividend of $0.545 per share, representing an annualized dividend of $2.18 and a yield of 3.8%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 736,996 shares of the company's stock after buying an additional 7,194 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.15% of Nutrien worth $36,607,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Nutrien by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company's stock valued at $1,051,709,000 after purchasing an additional 1,412,503 shares during the period. Canada Pension Plan Investment Board boosted its stake in Nutrien by 17.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company's stock worth $436,137,000 after purchasing an additional 1,284,181 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Nutrien by 0.7% during the first quarter. Mackenzie Financial Corp now owns 7,855,609 shares of the company's stock valued at $389,860,000 after acquiring an additional 54,918 shares during the period. Deutsche Bank AG increased its holdings in Nutrien by 6.5% in the first quarter. Deutsche Bank AG now owns 7,568,805 shares of the company's stock valued at $375,943,000 after purchasing an additional 463,748 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Nutrien by 48.7% in the first quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company's stock valued at $347,319,000 after buying an additional 2,291,518 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Nutrien Price Performance

NYSE NTR traded up $0.35 during trading hours on Friday, reaching $56.58. 2,312,985 shares of the stock traded hands, compared to its average volume of 2,506,676. The stock has a 50 day simple moving average of $57.95 and a two-hundred day simple moving average of $56.46. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The company has a market cap of $27.45 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 0.92 and a beta of 0.77.

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

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien's payout ratio is 78.14%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NTR shares. Barclays raised their price objective on Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Zacks Research downgraded Nutrien from a "strong-buy" rating to a "hold" rating in a report on Tuesday. National Bankshares initiated coverage on Nutrien in a research note on Friday, September 5th. They issued a "sector perform" rating and a $64.00 price objective on the stock. Wall Street Zen lowered Nutrien from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 5th. Finally, TD Securities boosted their target price on Nutrien from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $62.39.

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.