Boston Partners Invests $150.42 Million in Nutrien Ltd. $NTR

Boston Partners bought a new stake in shares of Nutrien Ltd. (NYSE:NTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,582,689 shares of the company’s stock, valued at approximately $150,416,000. Boston Partners owned 0.53% of Nutrien as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Harbour Investments Inc. boosted its position in Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after purchasing an additional 348 shares in the last quarter. Huntington National Bank raised its stake in shares of Nutrien by 72.6% during the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after buying an additional 276 shares during the period. Trust Co. of Toledo NA OH purchased a new position in shares of Nutrien during the 2nd quarter valued at approximately $49,000. Caitong International Asset Management Co. Ltd grew its stake in Nutrien by 1,074.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock valued at $51,000 after acquiring an additional 935 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Nutrien in the 1st quarter worth $54,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analysts Set New Price Targets

NTR has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Nutrien from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. National Bank Financial started coverage on shares of Nutrien in a research note on Friday, September 5th. They issued a “sector perform” rating on the stock. Jefferies Financial Group lowered their price objective on Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a report on Tuesday, September 9th. UBS Group cut their price objective on Nutrien from $63.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Nutrien in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.94.

Nutrien Stock Performance

NTR opened at $57.38 on Thursday. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08. The firm has a market capitalization of $27.74 billion, a PE ratio of 20.57, a PEG ratio of 0.92 and a beta of 0.83. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average price is $57.53 and its 200 day moving average price is $58.40.

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

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, December 31st. Nutrien’s dividend payout ratio is presently 58.76%.

Nutrien 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.