Silchester International Investors LLP Has $528.22 Million Stock Position in Nutrien Ltd. (NYSE:NTR)

Silchester International Investors LLP decreased its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 9.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,634,539 shares of the company's stock after selling 1,058,598 shares during the period. Nutrien accounts for approximately 94.8% of Silchester International Investors LLP's portfolio, making the stock its biggest position. Silchester International Investors LLP owned about 2.18% of Nutrien worth $528,218,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Nutrien during the fourth quarter valued at about $241,958,000. Arrowstreet Capital Limited Partnership raised its holdings in Nutrien by 159.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company's stock valued at $242,976,000 after buying an additional 3,341,169 shares in the last quarter. Barclays PLC raised its holdings in Nutrien by 192.7% during the fourth quarter. Barclays PLC now owns 411,056 shares of the company's stock valued at $18,395,000 after buying an additional 854,543 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Nutrien by 11.3% in the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock worth $317,951,000 after purchasing an additional 721,935 shares during the period. Finally, Geode Capital Management LLC grew its position in Nutrien by 30.3% during the fourth quarter. Geode Capital Management LLC now owns 3,022,551 shares of the company's stock worth $137,202,000 after buying an additional 702,948 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NTR shares. BNP Paribas raised Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. TD Securities lifted their price objective on Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a report on Monday, May 12th. Royal Bank of Canada lifted 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. UBS Group boosted their target price on Nutrien from $52.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company boosted their target price on Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $61.44.

Nutrien Stock Up 4.0%

Shares of NYSE:NTR traded up $2.43 during midday trading on Friday, reaching $62.87. The company had a trading volume of 4,158,076 shares, compared to its average volume of 2,171,324. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The business's 50 day moving average price is $56.35 and its 200 day moving average price is $52.00. The stock has a market cap of $30.66 billion, a PE ratio of 45.89, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $62.92.

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

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Monday, June 30th. Nutrien's dividend payout ratio (DPR) is presently 203.74%.

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.