Capital International Inc. CA Boosts Stake in Nutrien Ltd. $NTR

Capital International Inc. CA increased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 645,764 shares of the company’s stock after buying an additional 21,827 shares during the period. Capital International Inc. CA’s holdings in Nutrien were worth $39,859,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Nutrien by 65.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock valued at $1,253,000 after buying an additional 9,950 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Nutrien by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock valued at $343,000 after purchasing an additional 404 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of Nutrien in the first quarter valued at about $516,000. Acadian Asset Management LLC purchased a new stake in shares of Nutrien in the first quarter valued at about $54,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Nutrien in the second quarter valued at about $203,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE:NTR opened at $67.17 on Friday. The firm has a 50 day simple moving average of $72.22 and a 200-day simple moving average of $68.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. The firm has a market cap of $32.24 billion, a PE ratio of 13.68, a P/E/G ratio of 0.62 and a beta of 0.60. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the prior year, the business posted $0.11 earnings per share. Nutrien’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities analysts expect that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Nutrien from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company raised shares of Nutrien from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $77.00 to $100.00 in a report on Friday, March 13th. Zacks Research downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Finally, Oppenheimer boosted their price objective on shares of Nutrien from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nutrien currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.75.

About Nutrien

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.