Nutrien Ltd. (NYSE:NTR) Stock Holdings Boosted by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,519,340 shares of the company's stock after buying an additional 122,453 shares during the quarter. Wellington Management Group LLP owned 0.31% of Nutrien worth $67,949,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Janney Montgomery Scott LLC increased its stake in Nutrien by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 98,317 shares of the company's stock worth $4,400,000 after buying an additional 682 shares during the period. Exchange Traded Concepts LLC increased its stake in Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after buying an additional 416 shares during the period. PFG Investments LLC increased its position in shares of Nutrien by 2.0% during the fourth quarter. PFG Investments LLC now owns 20,097 shares of the company's stock worth $899,000 after acquiring an additional 386 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Nutrien during the fourth quarter worth about $67,000. Finally, Diversified Investment Strategies LLC increased its position in shares of Nutrien by 0.8% during the fourth quarter. Diversified Investment Strategies LLC now owns 93,902 shares of the company's stock worth $4,202,000 after acquiring an additional 750 shares during the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Stock Performance

NTR stock traded up $0.27 on Friday, reaching $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 52 week low of $43.70 and a 52 week high of $60.50. The company has a market capitalization of $28.83 billion, a P/E ratio of 43.10, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79. The firm has a fifty day moving average of $54.14 and a two-hundred day moving average of $50.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24). The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $5.16 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. As a group, analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio (DPR) is presently 203.74%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NTR shares. CIBC lifted their target price on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research report on Tuesday, February 25th. Wells Fargo & Company lifted their price objective on Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Berenberg Bank lifted their price target on shares of Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, April 15th. BNP Paribas raised Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, Royal Bank of Canada boosted their price objective on Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $61.44.

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.