Schroder Investment Management Group Has $20.78 Million Position in Nutrien Ltd. $NTR

Schroder Investment Management Group cut its holdings in Nutrien Ltd. (NYSE:NTR) by 11.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 359,875 shares of the company’s stock after selling 48,059 shares during the quarter. Schroder Investment Management Group owned about 0.07% of Nutrien worth $20,783,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Metis Global Partners LLC lifted its stake in shares of Nutrien by 37.8% in the 3rd quarter. Metis Global Partners LLC now owns 220,648 shares of the company’s stock valued at $12,958,000 after purchasing an additional 60,491 shares during the period. Colrain Capital LLC grew its stake in shares of Nutrien by 35.6% during the third quarter. Colrain Capital LLC now owns 128,150 shares of the company’s stock worth $7,595,000 after purchasing an additional 33,650 shares during the period. Campbell & CO Investment Adviser LLC grew its stake in shares of Nutrien by 122.1% during the third quarter. Campbell & CO Investment Adviser LLC now owns 68,124 shares of the company’s stock worth $4,000,000 after purchasing an additional 37,447 shares during the period. Black Creek Investment Management Inc. increased its holdings 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 purchasing an additional 862,487 shares during the last quarter. Finally, Sagard Holdings Management Inc. bought a new stake in Nutrien in the second quarter valued at about $1,511,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of NTR opened at $83.83 on Friday. The firm has a market cap of $40.34 billion, a P/E ratio of 17.99 and a beta of 0.70. Nutrien Ltd. has a twelve month low of $45.78 and a twelve month high of $85.35. 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 $69.80 and its two-hundred day moving average price is $62.44.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.04). The company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 EPS. On average, analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be paid a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.20 annualized dividend and a dividend yield of 2.6%. This is a positive change from Nutrien’s previous quarterly dividend of $0.55. Nutrien’s dividend payout ratio (DPR) is 46.78%.

Analyst Ratings Changes

A number of brokerages have issued reports on NTR. Mizuho raised their target price on Nutrien from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Royal Bank Of Canada upped their price target on Nutrien from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Wells Fargo & Company increased their price target on shares of Nutrien from $64.00 to $77.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. UBS Group lifted their price objective on shares of Nutrien from $58.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Nutrien from $68.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.12.

Nutrien Company 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.