Aigen Investment Management LP Has $1.20 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Aigen Investment Management LP raised its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 430.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,274 shares of the company's stock after acquiring an additional 17,266 shares during the quarter. Aigen Investment Management LP's holdings in Nutrien were worth $1,199,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Platinum Investment Management Ltd. acquired a new stake in Nutrien in the 3rd quarter valued at about $129,000. D.B. Root & Company LLC grew its holdings in Nutrien by 2.1% during the 3rd quarter. D.B. Root & Company LLC now owns 20,638 shares of the company's stock worth $1,275,000 after acquiring an additional 418 shares in the last quarter. Canoe Financial LP increased its position in shares of Nutrien by 64.6% in the 3rd quarter. Canoe Financial LP now owns 75,945 shares of the company's stock valued at $4,690,000 after purchasing an additional 29,819 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Nutrien by 42.7% in the 3rd quarter. Signaturefd LLC now owns 9,584 shares of the company's stock valued at $592,000 after purchasing an additional 2,870 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of Nutrien during the 3rd quarter worth $58,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Price Performance

Nutrien stock traded down $0.39 during midday trading on Tuesday, reaching $59.58. The company's stock had a trading volume of 1,439,249 shares, compared to its average volume of 1,942,212. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.15. Nutrien Ltd. has a fifty-two week low of $47.90 and a fifty-two week high of $69.12. The firm has a market capitalization of $29.47 billion, a PE ratio of 34.84, a P/E/G ratio of 1.86 and a beta of 0.89. The stock's 50 day simple moving average is $54.46 and its 200 day simple moving average is $53.77.

Nutrien (NYSE:NTR - Get Free Report) last issued 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). The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.36 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. The company's quarterly revenue was down 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.02 earnings per share. On average, equities research analysts forecast that Nutrien Ltd. will post 3.89 earnings per share for the current year.

Nutrien Dividend Announcement

The company 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 dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 3.63%. Nutrien's payout ratio is 126.32%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NTR shares. The Goldman Sachs Group dropped their target price on Nutrien from $88.00 to $78.00 and set a "buy" rating on the stock in a report on Thursday, February 1st. Piper Sandler boosted their target price on Nutrien from $54.00 to $56.00 and gave the stock an "underweight" rating in a research note on Friday. TD Securities cut their price objective on shares of Nutrien from $75.00 to $67.00 and set a "buy" rating on the stock in a report on Tuesday, February 20th. Jefferies Financial Group initiated coverage on shares of Nutrien in a report on Tuesday, March 26th. They issued a "buy" rating and a $62.00 target price for the company. Finally, Royal Bank of Canada decreased their price objective on shares of Nutrien from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $67.32.

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.