World Investment Advisors Makes New $209,000 Investment in Nutrien Ltd. (NYSE:NTR)

World Investment Advisors bought a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,203 shares of the company's stock, valued at approximately $209,000.

A number of other hedge funds have also added to or reduced their stakes in NTR. Norges Bank bought a new position in shares of Nutrien in the 4th quarter valued at about $241,958,000. Arrowstreet Capital Limited Partnership grew its position in shares of Nutrien by 159.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company's stock valued at $242,976,000 after acquiring an additional 3,341,169 shares during the period. Barclays PLC grew its position in shares of Nutrien by 192.7% in the 4th quarter. Barclays PLC now owns 411,056 shares of the company's stock valued at $18,395,000 after acquiring an additional 854,543 shares during the period. Deutsche Bank AG grew its position in shares of 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 acquiring an additional 721,935 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Nutrien by 30.3% in the 4th quarter. Geode Capital Management LLC now owns 3,022,551 shares of the company's stock valued at $137,202,000 after acquiring an additional 702,948 shares during the period. Institutional investors own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

NTR has been the subject of a number of analyst reports. Jefferies Financial Group reissued a "hold" rating and issued a $66.00 price objective (up previously from $63.00) on shares of Nutrien in a research report on Friday. BNP Paribas upgraded shares of Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. The Goldman Sachs Group raised their target price on shares of Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a research note on Friday, May 9th. Barclays raised their target price on shares of Nutrien from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Finally, Bank of America raised their target price on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Nutrien presently has an average rating of "Hold" and a consensus target price of $62.61.

Nutrien Price Performance

Shares of NYSE:NTR traded down $1.01 during midday trading on Tuesday, hitting $59.92. The stock had a trading volume of 1,434,767 shares, compared to its average volume of 2,183,920. The company's 50-day moving average price is $59.50 and its 200-day moving average price is $54.08. The company has a market capitalization of $29.18 billion, a P/E ratio of 56.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.80. The company has a quick ratio of 0.59, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a net margin of 2.05% and a return on equity of 6.08%. Nutrien's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. As a group, equities research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business 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. The ex-dividend date is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.64%. Nutrien's payout ratio 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.