Two Sigma Investments LP Increases Holdings in Nutrien Ltd. (NYSE:NTR)

Two Sigma Investments LP grew its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 45.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,505 shares of the company's stock after purchasing an additional 94,554 shares during the period. Two Sigma Investments LP owned approximately 0.06% of Nutrien worth $13,492,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in Nutrien during the fourth quarter valued at about $27,000. HHM Wealth Advisors LLC raised its holdings in shares of Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after buying an additional 480 shares in the last quarter. Assetmark Inc. raised its stake in shares of Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after acquiring an additional 690 shares in the last quarter. Asset Planning Inc purchased a new position in shares of Nutrien during the fourth quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 416 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NTR. CIBC raised their price objective on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research note on Tuesday, February 25th. Royal Bank of Canada raised their price target on Nutrien from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Scotiabank downgraded Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective for the company. in a research report on Thursday, May 22nd. TD Securities increased their price objective on Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Finally, Oppenheimer lifted their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $61.44.

Nutrien Stock Up 0.2%

Shares of NYSE NTR traded up $0.09 during mid-day trading on Tuesday, hitting $59.76. 1,942,622 shares of the stock traded hands, compared to its average volume of 2,146,989. The stock has a fifty day moving average price of $53.55 and a 200-day moving average price of $50.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The company has a market cap of $29.18 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 1.19 and a beta of 0.79. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.49.

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

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio is 203.74%.

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.