Charles Schwab Investment Management Inc. Buys 130,828 Shares of Nutrien Ltd. (NYSE:NTR)

Charles Schwab Investment Management Inc. lifted its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 6.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,017,204 shares of the company's stock after acquiring an additional 130,828 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.41% of Nutrien worth $100,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NTR. Vanguard Group Inc. lifted its holdings in 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 in the last quarter. Dodge & Cox lifted its holdings in Nutrien by 0.3% in the 4th quarter. Dodge & Cox now owns 12,523,259 shares of the company's stock valued at $560,416,000 after purchasing an additional 40,800 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Nutrien by 0.7% in the 1st quarter. Mackenzie Financial Corp now owns 7,855,609 shares of the company's stock valued at $389,860,000 after purchasing an additional 54,918 shares in the last quarter. Deutsche Bank AG lifted its holdings in Nutrien by 11.3% in the 4th quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock valued at $317,951,000 after purchasing an additional 721,935 shares in the last quarter. Finally, ARGA Investment Management LP lifted its holdings in Nutrien by 7.7% in the 1st quarter. ARGA Investment Management LP now owns 6,510,844 shares of the company's stock valued at $323,132,000 after purchasing an additional 467,254 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Price Performance

Shares of NTR traded up $0.03 during midday trading on Thursday, reaching $56.91. The stock had a trading volume of 1,715,113 shares, compared to its average volume of 2,046,443. The firm's 50 day moving average price is $59.69 and its 200-day moving average price is $55.43. The company has a market capitalization of $27.71 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.04 and a beta of 0.81. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08.

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

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be paid a $0.545 dividend. The ex-dividend date is Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a yield of 3.8%. Nutrien's payout ratio is 78.14%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NTR. The Goldman Sachs Group increased their target price on Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a research report on Friday, May 9th. Bank of America increased their price objective on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Barclays increased their price objective on shares of Nutrien from $61.00 to $64.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. TD Securities increased their price objective on shares of Nutrien from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Monday. Finally, Scotiabank reiterated a "sector perform" rating and set a $60.00 price objective (down from $62.00) on shares of Nutrien in a report on Monday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $62.65.

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.