Capital International Inc. CA Acquires 244,174 Shares of Nutrien Ltd. $NTR

Capital International Inc. CA raised its stake in Nutrien Ltd. (NYSE:NTR) by 64.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 623,937 shares of the company’s stock after purchasing an additional 244,174 shares during the period. Capital International Inc. CA’s holdings in Nutrien were worth $36,642,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of Nutrien during the 3rd quarter worth about $37,000. Huntington National Bank grew its holdings in Nutrien by 72.6% in the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after buying an additional 276 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Nutrien by 42.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock valued at $43,000 after buying an additional 219 shares in the last quarter. Acadian Asset Management LLC bought a new position in Nutrien during the 1st quarter worth $54,000. Finally, Bessemer Group Inc. increased its position in Nutrien by 27.7% during the 3rd quarter. Bessemer Group Inc. now owns 937 shares of the company’s stock worth $55,000 after buying an additional 203 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NTR shares. Royal Bank Of Canada boosted their target price on shares of Nutrien from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Nutrien from $68.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Weiss Ratings raised shares of Nutrien from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Morgan Stanley upgraded shares of Nutrien from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $70.00 to $77.00 in a research report on Wednesday, January 14th. Finally, Wall Street Zen cut shares of Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $72.82.

Nutrien Stock Down 0.5%

Shares of NYSE NTR opened at $75.85 on Tuesday. The stock has a market capitalization of $36.49 billion, a P/E ratio of 16.28 and a beta of 0.70. The stock’s fifty day moving average is $68.74 and its 200 day moving average is $62.04. Nutrien Ltd. has a 52 week low of $45.78 and a 52 week high of $78.08. 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 announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The firm had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.55 per share. This is an increase from Nutrien’s previous quarterly dividend of $0.55. This represents a $2.20 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, March 31st. Nutrien’s dividend payout ratio (DPR) is presently 46.78%.

About Nutrien

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.