Mn Services Vermogensbeheer B.V. Purchases 3,200 Shares of Nutrien Ltd. (NYSE:NTR)

Mn Services Vermogensbeheer B.V. increased its position in shares of Nutrien Ltd. (NYSE:NTR) by 3.8% in the 4th quarter, HoldingsChannel reports. The firm owned 86,386 shares of the company’s stock after acquiring an additional 3,200 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Nutrien were worth $3,863,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Silchester International Investors LLP lifted its position in Nutrien by 9.5% during the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock worth $523,268,000 after purchasing an additional 1,009,895 shares during the period. ARGA Investment Management LP lifted its position in Nutrien by 25.7% during the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock worth $270,396,000 after purchasing an additional 1,236,671 shares during the period. National Bank of Canada FI lifted its position in Nutrien by 4.1% during the third quarter. National Bank of Canada FI now owns 4,232,211 shares of the company’s stock worth $203,380,000 after purchasing an additional 165,582 shares during the period. Toronto Dominion Bank raised its stake in Nutrien by 11.9% during the third quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock worth $202,830,000 after acquiring an additional 447,413 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Nutrien during the third quarter worth about $150,181,000. Institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Oppenheimer assumed coverage on Nutrien in a research note on Thursday, December 12th. They set an “outperform” rating and a $60.00 target price for the company. Wells Fargo & Company boosted their target price on Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research note on Monday, February 24th. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Finally, Scotiabank boosted their target price on Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.76.

Nutrien Stock Performance

Shares of NTR stock opened at $52.42 on Friday. The business’s 50 day simple moving average is $50.15 and its 200 day simple moving average is $48.47. Nutrien Ltd. has a one year low of $43.69 and a one year high of $60.87. The stock has a market capitalization of $25.64 billion, a PE ratio of 38.26, a PEG ratio of 1.19 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

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

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s payout ratio is presently 159.12%.

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.