Nutrien Ltd. $NTR Position Boosted by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in Nutrien Ltd. (NYSE:NTR) by 19.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,982,067 shares of the company’s stock after purchasing an additional 652,698 shares during the period. Geode Capital Management LLC owned about 0.82% of Nutrien worth $234,725,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NTR. Harbour Investments Inc. grew its position in Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock valued at $35,000 after purchasing an additional 348 shares in the last quarter. Huntington National Bank lifted its position in Nutrien by 72.6% in the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after buying an additional 276 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Nutrien during the 2nd quarter valued at $49,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 acquiring an additional 935 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Nutrien during the 1st quarter valued at $54,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Price Performance

NYSE NTR opened at $59.34 on Monday. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08. The stock’s 50-day moving average is $57.60 and its two-hundred day moving average is $58.40. The firm has a market cap of $28.74 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.06. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the prior year, the company posted $0.39 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. On average, analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, December 31st. Nutrien’s dividend payout ratio (DPR) is 58.76%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NTR. Bank of America reiterated a “neutral” rating and set a $67.00 price objective on shares of Nutrien in a report on Tuesday, October 14th. UBS Group dropped their target price on Nutrien from $63.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Oppenheimer reaffirmed an “outperform” rating on shares of Nutrien in a research note on Wednesday, October 22nd. National Bank Financial started coverage on Nutrien in a research note on Friday, September 5th. They issued a “sector perform” rating for the company. Finally, Wall Street Zen downgraded Nutrien from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.94.

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.