Nutrien Ltd. $NTR Shares Purchased by Black Creek Investment Management Inc.

Black Creek Investment Management Inc. boosted its position in shares of Nutrien Ltd. (NYSE:NTR) by 57.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,367,244 shares of the company’s stock after purchasing an additional 862,487 shares during the quarter. Nutrien comprises 6.6% of Black Creek Investment Management Inc.’s holdings, making the stock its 6th biggest position. Black Creek Investment Management Inc. owned 0.49% of Nutrien worth $139,050,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Nutrien by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 21,983,443 shares of the company’s stock worth $1,291,022,000 after buying an additional 80,135 shares during the period. First Eagle Investment Management LLC grew its holdings in Nutrien by 14.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock worth $772,742,000 after acquiring an additional 1,627,328 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Nutrien by 48.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock valued at $696,058,000 after acquiring an additional 3,900,755 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of Nutrien by 16.5% in the 3rd quarter. TD Asset Management Inc now owns 7,368,861 shares of the company’s stock valued at $432,838,000 after purchasing an additional 1,043,766 shares during the period. Finally, Norges Bank bought a new position in shares of Nutrien in the 2nd quarter worth $395,842,000. Institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. BNP Paribas Exane downgraded Nutrien from an “outperform” rating to a “neutral” rating in a report on Monday, February 23rd. Weiss Ratings raised Nutrien from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday. Raymond James Financial lifted their price objective on shares of Nutrien from $68.00 to $74.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. Wall Street Zen cut shares of Nutrien from a “buy” rating to a “hold” rating in a report on Saturday. Finally, UBS Group upped their target price on shares of Nutrien from $58.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Nutrien currently has an average rating of “Hold” and an average target price of $72.82.

Nutrien Stock Performance

Shares of NTR opened at $74.39 on Wednesday. The firm has a market cap of $35.79 billion, a P/E ratio of 15.96 and a beta of 0.70. Nutrien Ltd. has a twelve month low of $45.78 and a twelve month high of $78.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.34. The firm’s 50 day moving average price is $67.79 and its two-hundred day moving average price is $61.54.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The company 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 revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. On average, analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders 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 dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Nutrien’s payout ratio is currently 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.