Nutrien Ltd. $NTR Shares Bought by Aviva PLC

Aviva PLC raised its position in Nutrien Ltd. (NYSE:NTR) by 6.9% during the second quarter, HoldingsChannel.com reports. The firm owned 366,846 shares of the company’s stock after buying an additional 23,691 shares during the quarter. Aviva PLC’s holdings in Nutrien were worth $21,373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. increased its position in Nutrien by 25.7% during the 1st quarter. Principal Financial Group Inc. now owns 142,879 shares of the company’s stock worth $7,090,000 after purchasing an additional 29,190 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Nutrien by 9.4% during the first quarter. Bank of New York Mellon Corp now owns 499,678 shares of the company’s stock worth $24,819,000 after buying an additional 42,810 shares during the period. Envestnet Asset Management Inc. grew its stake in Nutrien by 27.8% during the first quarter. Envestnet Asset Management Inc. now owns 222,727 shares of the company’s stock worth $11,060,000 after buying an additional 48,464 shares during the period. Allworth Financial LP increased its position in shares of Nutrien by 117.1% in the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after acquiring an additional 506 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Nutrien by 26.5% in the 1st quarter. Cerity Partners LLC now owns 13,730 shares of the company’s stock valued at $682,000 after acquiring an additional 2,876 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. National Bank Financial started coverage on shares of Nutrien in a report on Friday, September 5th. They set a “sector perform” rating on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Nutrien in a research note on Monday, July 14th. UBS Group lowered their target price on Nutrien from $63.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Oppenheimer reissued an “outperform” rating on shares of Nutrien in a research report on Wednesday, October 22nd. Finally, TD Securities increased their price objective on shares of Nutrien from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $63.00.

Nutrien Price Performance

NTR stock opened at $58.94 on Tuesday. The stock’s 50 day moving average is $57.40 and its two-hundred day moving average is $58.30. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $65.08. The company has a market capitalization of $28.55 billion, a PE ratio of 21.12, a P/E/G ratio of 0.92 and a beta of 0.83. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.91 by $0.06. The company had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. Analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Nutrien’s dividend payout ratio (DPR) is currently 58.76%.

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.