Dimensional Fund Advisors LP Increases Stock Holdings in Nutrien Ltd. $NTR

Dimensional Fund Advisors LP increased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 16.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,923,879 shares of the company’s stock after purchasing an additional 710,908 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Nutrien were worth $244,583,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Harbour Investments Inc. boosted its stake in Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after buying an additional 348 shares during the period. Allworth Financial LP boosted its stake in shares of Nutrien by 117.1% during the 1st quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after purchasing an additional 506 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Nutrien by 1,074.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock valued at $51,000 after purchasing an additional 935 shares during the last quarter. GAMMA Investing LLC grew its holdings in Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock valued at $52,000 after purchasing an additional 1,022 shares during the last quarter. Finally, HM Payson & Co. purchased a new stake in Nutrien in the 1st quarter worth about $65,000. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Bank of America boosted their target price on Nutrien from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. UBS Group dropped their price objective on Nutrien from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Oppenheimer increased their target price on Nutrien from $63.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Barclays lifted their target price on Nutrien from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, July 7th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Nutrien in a report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.65.

Nutrien Trading Up 0.3%

NYSE NTR opened at $57.10 on Monday. Nutrien Ltd. has a one year low of $43.69 and a one year high of $65.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The company has a market capitalization of $27.80 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 0.98 and a beta of 0.81. The company’s 50-day simple moving average is $59.57 and its two-hundred day simple moving average is $55.53.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.24. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. Nutrien’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $2.34 earnings per share. Equities analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a yield of 3.8%. Nutrien’s dividend payout ratio (DPR) is presently 78.14%.

Nutrien Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.