Epoch Investment Partners Inc. Has $74.22 Million Stock Holdings in Nutrien Ltd. $NTR

Epoch Investment Partners Inc. cut its holdings in Nutrien Ltd. (NYSE:NTR) by 3.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,202,538 shares of the company’s stock after selling 45,418 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Nutrien were worth $74,221,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NTR. Norges Bank acquired a new stake in Nutrien in the fourth quarter valued at approximately $412,635,000. Arrowstreet Capital Limited Partnership lifted its stake 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. TD Asset Management Inc lifted its stake in Nutrien by 21.2% in the fourth quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after acquiring an additional 1,559,673 shares during the last quarter. Black Creek Investment Management Inc. lifted its stake in 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 acquiring an additional 862,487 shares during the last quarter. Finally, Man Group plc lifted its stake in Nutrien by 5,178.4% in the third quarter. Man Group plc now owns 775,919 shares of the company’s stock valued at $45,577,000 after acquiring an additional 761,219 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Price Performance

Shares of Nutrien stock opened at $67.65 on Friday. The firm has a fifty day simple moving average of $71.34 and a 200-day simple moving average of $69.17. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36. The stock has a market capitalization of $32.47 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.62 and a beta of 0.60.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the previous year, the company earned $0.11 earnings per share. Nutrien’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, sell-side analysts expect that Nutrien Ltd. will post 5.45 earnings per share for the current year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, June 30th. Nutrien’s payout ratio is presently 44.81%.

Analyst Upgrades and Downgrades

NTR has been the subject of a number of analyst reports. Zacks Research cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Scotiabank lifted their target price on shares of Nutrien from $75.00 to $80.00 and gave the company a “sector perform” rating in a research note on Monday, May 11th. Jefferies Financial Group upgraded shares of Nutrien from a “hold” rating to a “buy” rating and lifted their target price for the company from $74.00 to $96.00 in a research note on Thursday, March 12th. Barclays lifted their target price on shares of Nutrien from $70.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Finally, Wall Street Zen cut shares of Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.71.

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.