Intech Investment Management LLC Sells 37,163 Shares of Nutrien Ltd. $NTR

Intech Investment Management LLC decreased its position in Nutrien Ltd. (NYSE:NTR) by 55.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 30,346 shares of the company’s stock after selling 37,163 shares during the quarter. Intech Investment Management LLC’s holdings in Nutrien were worth $1,876,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Nutrien by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after acquiring an additional 479,834 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Nutrien by 19.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after acquiring an additional 2,276,651 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Nutrien by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock valued at $821,326,000 after acquiring an additional 70,068 shares during the last quarter. TD Asset Management Inc boosted its holdings in Nutrien by 16.5% during the third quarter. TD Asset Management Inc now owns 7,368,861 shares of the company’s stock worth $432,838,000 after buying an additional 1,043,766 shares during the last quarter. Finally, Capital International Investors boosted its holdings in Nutrien by 1.7% during the third quarter. Capital International Investors now owns 5,539,645 shares of the company’s stock worth $325,325,000 after buying an additional 95,274 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BMO Capital Markets raised their target price on Nutrien from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. Jefferies Financial Group upgraded Nutrien from a “hold” rating to a “buy” rating and raised their target price for the stock from $74.00 to $96.00 in a report on Thursday, March 12th. Morgan Stanley raised their target price on Nutrien from $77.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. UBS Group reduced their target price on Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their target price on Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.75.

Nutrien Trading Up 0.2%

NYSE NTR opened at $68.98 on Friday. The firm has a market cap of $33.11 billion, a P/E ratio of 14.05, a P/E/G ratio of 0.63 and a beta of 0.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. The stock’s 50-day moving average is $72.41 and its 200-day moving average is $68.83. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.Nutrien’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share. Sell-side analysts anticipate that Nutrien Ltd. will post 5.45 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

Nutrien 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.