APG Asset Management N.V. Purchases 253,037 Shares of Nutrien Ltd. (NYSE:NTR)

APG Asset Management N.V. raised its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 303.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 336,305 shares of the company’s stock after acquiring an additional 253,037 shares during the quarter. APG Asset Management N.V.’s holdings in Nutrien were worth $14,525,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NTR. Uncommon Cents Investing LLC grew its position in shares of Nutrien by 2.1% during the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock worth $517,000 after purchasing an additional 235 shares in the last quarter. Rhumbline Advisers grew its holdings in Nutrien by 3.5% during the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock valued at $331,000 after buying an additional 247 shares in the last quarter. FFT Wealth Management LLC raised its position in shares of 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 last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Nutrien by 23.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company’s stock worth $81,000 after acquiring an additional 348 shares during the last quarter. Finally, PFG Investments LLC grew its stake 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 acquiring an additional 386 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Price Performance

Nutrien stock opened at $48.31 on Friday. 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 firm has a 50-day moving average price of $50.78 and a 200-day moving average price of $49.10. The firm has a market capitalization of $23.61 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77.

Nutrien (NYSE:NTR) last posted its quarterly earnings data 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 firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. As a group, equities research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Monday, March 31st. Nutrien’s payout ratio is currently 159.12%.

Analysts Set New Price Targets

Several analysts have commented on NTR shares. Scotiabank boosted their price target on shares of Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 24th. Wells Fargo & Company increased their price target on Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. CIBC lifted their price objective on Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research note on Tuesday, February 25th. Mizuho upped their price objective on Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Finally, Piper Sandler raised their target price on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Nutrien currently has a consensus rating of “Hold” and an average price target of $60.00.

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.