Barings LLC Buys 89,517 Shares of Nutrien Ltd. $NTR

Barings LLC increased its stake in Nutrien Ltd. (NYSE:NTR) by 70.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 216,325 shares of the company’s stock after purchasing an additional 89,517 shares during the quarter. Barings LLC’s holdings in Nutrien were worth $16,324,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTR. Vanguard Group Inc. lifted its holdings in Nutrien by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock worth $1,386,546,000 after purchasing an additional 479,834 shares in the last quarter. Wellington Management Group LLP boosted its stake in Nutrien by 440.2% in the 4th quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock worth $1,008,713,000 after purchasing an additional 13,313,817 shares during the period. First Eagle Investment Management LLC boosted its stake in Nutrien by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock worth $821,326,000 after purchasing an additional 70,068 shares during the period. Deutsche Bank AG grew its holdings in Nutrien by 2.0% during the 4th quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock valued at $604,745,000 after buying an additional 189,683 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in Nutrien by 21.2% during the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after buying an additional 1,559,673 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Performance

Shares of NTR opened at $67.11 on Friday. Nutrien Ltd. has a 12-month low of $53.03 and a 12-month high of $85.36. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The company has a market cap of $32.10 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 0.67 and a beta of 0.62. The stock has a 50-day moving average price of $66.92 and a 200-day moving average price of $69.87.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. Nutrien’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. As a group, equities analysts forecast that Nutrien Ltd. will post 5.11 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s payout ratio is currently 44.81%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Berenberg Bank set a $65.00 price objective on shares of Nutrien and gave the company a “hold” rating in a research report on Wednesday, June 10th. TD Securities reaffirmed a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. National Bank Financial set a $76.00 target price on shares of Nutrien and gave the stock an “outperform” rating in a research note on Monday. JPMorgan Chase & Co. raised their price target on shares of Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Finally, Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Fourteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Nutrien currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.