Man Group plc Increases Position in Nutrien Ltd. (NYSE:NTR)

Man Group plc increased its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 225.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 367,440 shares of the company's stock after acquiring an additional 254,521 shares during the period. Man Group plc owned about 0.07% of Nutrien worth $16,440,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Uncommon Cents Investing LLC grew its position in Nutrien by 2.1% in the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock worth $517,000 after acquiring an additional 235 shares in the last quarter. Rhumbline Advisers boosted its position in Nutrien by 3.5% during the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock valued at $331,000 after buying an additional 247 shares during the period. FFT Wealth Management LLC boosted its position in Nutrien by 0.9% during the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock valued at $1,330,000 after buying an additional 277 shares during the period. EverSource Wealth Advisors LLC boosted its position in Nutrien by 23.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after buying an additional 348 shares during the period. Finally, PFG Investments LLC boosted its position in Nutrien by 2.0% during the fourth quarter. PFG Investments LLC now owns 20,097 shares of the company's stock valued at $899,000 after buying an additional 386 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on NTR. Scotiabank restated a "sector perform" rating and set a $62.00 price target on shares of Nutrien in a research report on Wednesday. CIBC upped their price target on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research report on Tuesday, February 25th. Berenberg Bank upped their price target on shares of Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a research report on Tuesday, April 15th. Barclays upped their price target on shares of Nutrien from $59.00 to $61.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Oppenheimer upped their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an "outperform" rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Nutrien presently has a consensus rating of "Hold" and an average price target of $61.44.

Nutrien Price Performance

NTR stock opened at $57.92 on Friday. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The company has a market cap of $28.28 billion, a P/E ratio of 42.28, a PEG ratio of 1.19 and a beta of 0.79. The firm has a 50-day moving average of $52.62 and a 200 day moving average of $50.27. 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 analysts' consensus estimates of $0.35 by ($0.24). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the previous year, the company earned $0.46 earnings per share. Nutrien's quarterly revenue was down 5.4% on a year-over-year basis. On average, sell-side analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Monday, June 30th. Nutrien's payout ratio is currently 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.

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