Arrowstreet Capital Limited Partnership Has $834.96 Million Position in Nutrien Ltd. $NTR

Arrowstreet Capital Limited Partnership lifted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 19.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 14,221,381 shares of the company’s stock after buying an additional 2,276,651 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 2.94% of Nutrien worth $834,962,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NTR. Root Financial Partners LLC bought a new stake in Nutrien in the 3rd quarter valued at $37,000. Geneos Wealth Management Inc. increased its position in Nutrien by 42.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after buying an additional 219 shares during the period. Acadian Asset Management LLC bought a new position in Nutrien during the 1st quarter worth $54,000. Bessemer Group Inc. lifted its holdings in shares of Nutrien by 27.7% during the third quarter. Bessemer Group Inc. now owns 937 shares of the company’s stock worth $55,000 after buying an additional 203 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in shares of Nutrien during the second quarter worth $56,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on NTR shares. Raymond James Financial upped their price target on shares of Nutrien from $68.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, February 20th. BMO Capital Markets lifted their price objective on shares of Nutrien from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Jefferies Financial Group raised shares of Nutrien from a “hold” rating to a “buy” rating and boosted their price objective for the company from $74.00 to $96.00 in a report on Thursday. Mizuho increased their target price on shares of Nutrien from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Finally, Scotiabank raised their target price on shares of Nutrien from $63.00 to $70.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $74.12.

Nutrien Stock Up 5.7%

Shares of NYSE NTR opened at $83.83 on Friday. The stock has a market capitalization of $40.34 billion, a P/E ratio of 17.99 and a beta of 0.70. The stock’s fifty day moving average is $69.80 and its 200 day moving average is $62.44. Nutrien Ltd. has a 52 week low of $45.78 and a 52 week high of $85.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.34.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.04). Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The firm had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the prior year, the company earned $0.31 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.55 per share. This is a boost from Nutrien’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.6%. Nutrien’s payout ratio is currently 46.78%.

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.