International Assets Investment Management LLC Makes New Investment in Nutrien Ltd. (NYSE:NTR)

International Assets Investment Management LLC bought a new stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 60,949 shares of the company's stock, valued at approximately $3,433,000.

Several other hedge funds also recently bought and sold shares of the stock. Bleakley Financial Group LLC grew its holdings in shares of Nutrien by 14.8% during the fourth quarter. Bleakley Financial Group LLC now owns 6,109 shares of the company's stock worth $344,000 after buying an additional 786 shares in the last quarter. QV Investors Inc. grew its stake in Nutrien by 30.5% in the 4th quarter. QV Investors Inc. now owns 483,671 shares of the company's stock worth $27,382,000 after acquiring an additional 113,016 shares during the period. Prime Capital Investment Advisors LLC acquired a new position in Nutrien in the 4th quarter valued at $230,000. ANTIPODES PARTNERS Ltd lifted its stake in shares of Nutrien by 18,312.9% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,595,295 shares of the company's stock worth $89,862,000 after purchasing an additional 1,586,631 shares during the period. Finally, Addenda Capital Inc. boosted its holdings in shares of Nutrien by 0.7% during the fourth quarter. Addenda Capital Inc. now owns 546,783 shares of the company's stock worth $30,800,000 after purchasing an additional 3,876 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Stock Down 0.0 %

NTR traded down $0.02 during trading hours on Friday, reaching $58.15. 2,178,021 shares of the stock traded hands, compared to its average volume of 1,538,238. Nutrien Ltd. has a fifty-two week low of $47.90 and a fifty-two week high of $69.12. The company has a market cap of $28.76 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.02 and a beta of 0.88. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.65. The firm's fifty day simple moving average is $53.56 and its two-hundred day simple moving average is $53.67.

Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.35). Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same quarter in the prior year, the business earned $2.02 earnings per share. The firm's revenue was down 24.8% on a year-over-year basis. As a group, analysts forecast that Nutrien Ltd. will post 3.82 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 28th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Friday, June 28th. Nutrien's payout ratio is 85.38%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NTR shares. The Goldman Sachs Group reduced their target price on Nutrien from $88.00 to $78.00 and set a "buy" rating on the stock in a research report on Thursday, February 1st. Raymond James downgraded shares of Nutrien from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $80.00 to $65.00 in a report on Friday, January 12th. Mizuho increased their price target on shares of Nutrien from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday. Stifel Nicolaus boosted their price objective on shares of Nutrien from $72.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, January 19th. Finally, TD Securities dropped their price objective on Nutrien from $75.00 to $67.00 and set a "buy" rating for the company in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $67.45.

Nutrien 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.