Nutrien Ltd. $NTR is ARGA Investment Management LP’s 2nd Largest Position

ARGA Investment Management LP decreased its stake in Nutrien Ltd. (NYSE:NTR) by 9.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,953,610 shares of the company’s stock after selling 638,771 shares during the quarter. Nutrien makes up 9.3% of ARGA Investment Management LP’s holdings, making the stock its 2nd largest position. ARGA Investment Management LP owned about 1.23% of Nutrien worth $349,663,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Nutrien by 2,215.7% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 148,785 shares of the company’s stock valued at $8,738,000 after acquiring an additional 142,360 shares during the period. Bruce G. Allen Investments LLC lifted its stake in shares of Nutrien by 14.8% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,355 shares of the company’s stock valued at $138,000 after purchasing an additional 303 shares during the period. Root Financial Partners LLC purchased a new stake in Nutrien during the third quarter worth $37,000. Pacific Heights Asset Management LLC grew its position in Nutrien by 36.4% during the third quarter. Pacific Heights Asset Management LLC now owns 300,000 shares of the company’s stock valued at $17,613,000 after buying an additional 80,000 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in Nutrien by 7.9% during the third quarter. Sequoia Financial Advisors LLC now owns 6,730 shares of the company’s stock valued at $395,000 after buying an additional 492 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America reissued a “neutral” rating and set a $67.00 target price on shares of Nutrien in a research note on Tuesday, October 14th. UBS Group increased their price target on Nutrien from $58.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Royal Bank Of Canada raised their price objective on Nutrien from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday. Oppenheimer reaffirmed an “outperform” rating on shares of Nutrien in a research note on Wednesday, October 22nd. Finally, Scotiabank decreased their target price on Nutrien from $65.00 to $63.00 and set a “sector perform” rating on the stock in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Nutrien presently has an average rating of “Hold” and an average target price of $65.71.

Nutrien Trading Up 4.1%

Shares of NTR opened at $70.88 on Friday. The firm’s fifty day moving average is $61.43 and its two-hundred day moving average is $59.21. The company has a quick ratio of 0.89, a current ratio of 1.41 and a debt-to-equity ratio of 0.39. The stock has a market cap of $34.16 billion, a PE ratio of 19.10 and a beta of 0.72. Nutrien Ltd. has a 52-week low of $45.78 and a 52-week high of $70.92.

Nutrien (NYSE:NTR) last posted its quarterly 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 firm had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.59 billion. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. Nutrien’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share. Research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Wednesday, December 31st were given a dividend of $0.545 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.18 dividend on an annualized basis and a yield of 3.1%. Nutrien’s dividend payout ratio (DPR) is presently 58.76%.

Nutrien Company 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.