Nutrien Ltd. $NTR Shares Sold by Korea Investment CORP

Korea Investment CORP lowered its position in shares of Nutrien Ltd. (NYSE:NTR) by 45.5% in the third quarter, Holdings Channel.com reports. The fund owned 169,555 shares of the company’s stock after selling 141,558 shares during the quarter. Korea Investment CORP’s holdings in Nutrien were worth $9,960,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NTR. Metis Global Partners LLC raised its holdings in Nutrien by 37.8% in the 3rd quarter. Metis Global Partners LLC now owns 220,648 shares of the company’s stock valued at $12,958,000 after acquiring an additional 60,491 shares during the last quarter. Colrain Capital LLC boosted its holdings in shares of Nutrien by 35.6% during the 3rd quarter. Colrain Capital LLC now owns 128,150 shares of the company’s stock worth $7,595,000 after purchasing an additional 33,650 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Nutrien by 122.1% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 68,124 shares of the company’s stock worth $4,000,000 after purchasing an additional 37,447 shares during the last quarter. Black Creek Investment Management Inc. grew its position in shares of Nutrien by 57.3% in the third quarter. Black Creek Investment Management Inc. now owns 2,367,244 shares of the company’s stock valued at $139,050,000 after purchasing an additional 862,487 shares in the last quarter. Finally, Sagard Holdings Management Inc. acquired a new stake in shares of Nutrien in the second quarter valued at approximately $1,511,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Trading Up 4.2%

Shares of NTR stock opened at $79.27 on Thursday. Nutrien Ltd. has a 1-year low of $45.78 and a 1-year high of $79.31. The firm has a market cap of $38.14 billion, a PE ratio of 17.01 and a beta of 0.70. The company has a 50-day moving average of $69.36 and a two-hundred day moving average of $62.29. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.34 and a quick ratio of 0.70.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.04). The company had revenue of $5.12 billion during 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 business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share. On average, analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.8%. This is a positive change from Nutrien’s previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, March 31st. Nutrien’s payout ratio is currently 47.21%.

Wall Street Analyst Weigh In

NTR has been the topic of a number of analyst reports. Barclays lifted their price objective on Nutrien from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Weiss Ratings upgraded Nutrien from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Wells Fargo & Company boosted their price target on shares of Nutrien from $64.00 to $77.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. upped their price objective on shares of Nutrien from $68.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Finally, Morgan Stanley raised shares of Nutrien from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $70.00 to $77.00 in a research note on Wednesday, January 14th. 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $72.82.

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.