Russell Investments Group Ltd. Buys 24,326 Shares of Nutrien Ltd. $NTR

Key Points

• Russell Investments Group Ltd. increased its stake in Nutrien Ltd. by 8.1%, purchasing an additional 24,326 shares during the first quarter, now owning 325,974 shares valued at approximately $16.2 million.
• Several hedge funds have also increased their holdings in Nutrien, with Wealth Enhancement Advisory Services raising their stake by 184.1%.
• Nutrien recently announced a quarterly dividend of $0.545, representing an annual yield of 3.8%, with the next payment scheduled for October 17th.

Russell Investments Group Ltd. grew its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 8.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 325,974 shares of the company's stock after buying an additional 24,326 shares during the period. Russell Investments Group Ltd. owned 0.07% of Nutrien worth $16,188,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Nutrien by 48.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company's stock worth $347,319,000 after purchasing an additional 2,291,518 shares during the last quarter. Vanguard Group Inc. increased its holdings in Nutrien by 7.1% in the first 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 last quarter. Nuveen LLC acquired a new position in Nutrien in the first quarter valued at about $63,542,000. Barclays PLC lifted its stake in Nutrien by 192.7% in 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 during the period. Finally, Deutsche Bank AG boosted its holdings in Nutrien by 11.3% during the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock worth $317,951,000 after buying an additional 721,935 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Wall Street Analyst Weigh In

NTR has been the subject of several research analyst reports. Royal Bank Of Canada reissued an "outperform" rating on shares of Nutrien in a report on Monday, July 14th. Wells Fargo & Company raised their price objective on shares of Nutrien from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. UBS Group cut their target price on Nutrien from $64.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. The Goldman Sachs Group raised their target price on shares of Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a research report on Friday, May 9th. Finally, Morgan Stanley boosted their price target on shares of Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $62.65.

Nutrien Stock Performance

Nutrien stock traded up $0.0350 during trading hours on Tuesday, hitting $56.7350. The company had a trading volume of 1,180,534 shares, compared to its average volume of 2,012,656. The firm has a 50-day moving average of $59.43 and a 200 day moving average of $55.58. 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 firm has a market cap of $27.58 billion, a PE ratio of 20.34, a PEG ratio of 0.97 and a beta of 0.81. Nutrien Ltd. has a one year low of $43.69 and a one year high of $65.08.

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

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be issued 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 3.8%. Nutrien's payout ratio is currently 78.14%.

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.