Nutrien Ltd. (NYSE:NTR) Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Nutrien Ltd. (NYSE:NTR) by 60.7% during the 4th quarter, Holdings Channel reports. The firm owned 29,893 shares of the company’s stock after buying an additional 11,287 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Nutrien were worth $1,322,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Fairway Wealth LLC acquired a new stake in Nutrien during the 4th quarter valued at $27,000. HHM Wealth Advisors LLC lifted its position in shares of Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after acquiring an additional 480 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after acquiring an additional 690 shares during the last quarter. Asset Planning Inc purchased a new stake in Nutrien during the 4th quarter worth about $35,000. Finally, Exchange Traded Concepts LLC raised its stake in Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 416 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NTR has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on shares of Nutrien in a research note on Thursday, March 13th. They set a “sell” rating and a $53.00 price target on the stock. BNP Paribas upgraded Nutrien to a “strong-buy” rating in a report on Wednesday, April 9th. Barclays increased their target price on Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th. UBS Group cut their price objective on Nutrien from $54.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Finally, Piper Sandler lifted their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.27.

Nutrien Stock Performance

NTR stock opened at $54.02 on Monday. The stock’s 50 day simple moving average is $51.12 and its 200 day simple moving average is $49.40. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87. The firm has a market cap of $26.40 billion, a P/E ratio of 39.43, a P/E/G ratio of 1.19 and a beta of 0.77. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. As a group, equities research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a $0.545 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.04%. Nutrien’s dividend payout ratio is currently 159.12%.

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.