Man Group plc Buys 254,521 Shares of Nutrien Ltd. (NYSE:NTR)

Man Group plc boosted its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 225.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 367,440 shares of the company's stock after buying an additional 254,521 shares during the quarter. Man Group plc owned approximately 0.07% of Nutrien worth $16,440,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NTR. Gateway Investment Advisers LLC lifted its stake in shares of Nutrien by 344.5% in the fourth quarter. Gateway Investment Advisers LLC now owns 38,043 shares of the company's stock worth $1,702,000 after acquiring an additional 29,484 shares during the period. Empirical Asset Management LLC acquired a new position in shares of Nutrien in the 4th quarter worth approximately $1,724,000. Uncommon Cents Investing LLC boosted its stake in shares of Nutrien by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock valued at $517,000 after purchasing an additional 235 shares during the last quarter. Addenda Capital Inc. boosted its stake in shares of Nutrien by 7.6% in the 4th quarter. Addenda Capital Inc. now owns 510,088 shares of the company's stock valued at $22,826,000 after purchasing an additional 35,926 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC increased its position in shares of Nutrien by 8.8% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 12,536 shares of the company's stock worth $561,000 after buying an additional 1,013 shares during the period. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Down 1.2%

Shares of NTR traded down $0.69 during trading hours on Thursday, reaching $58.99. The stock had a trading volume of 486,946 shares, compared to its average volume of 2,136,631. The firm has a 50-day simple moving average of $53.12 and a 200 day simple moving average of $50.49. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $28.80 billion, a price-to-earnings ratio of 43.01, a P/E/G ratio of 1.19 and a beta of 0.79.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). The business had revenue of $4.67 billion during 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 firm's quarterly revenue was down 5.4% on a year-over-year basis. During the same period last year, the business posted $0.46 earnings per share. Equities research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be given a $0.545 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.70%. Nutrien's payout ratio is 203.74%.

Analysts Set New Price Targets

Several research firms recently issued reports on NTR. Mizuho boosted their target price on shares of Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Oppenheimer lifted their price objective on Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Scotiabank restated a "sector perform" rating and set a $62.00 target price on shares of Nutrien in a research report on Wednesday, May 14th. Bank of America lifted their target price on Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Finally, CIBC boosted their price target on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research note on Tuesday, February 25th. 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $61.44.

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.