Nutrien Ltd. (NYSE:NTR) Shares Bought by Brandes Investment Partners LP

Brandes Investment Partners LP grew its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 380.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 96,421 shares of the company’s stock after buying an additional 76,369 shares during the quarter. Brandes Investment Partners LP’s holdings in Nutrien were worth $4,315,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NTR. Fairway Wealth LLC acquired a new position in shares of Nutrien during the fourth quarter valued at $27,000. HHM Wealth Advisors LLC grew its holdings in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after acquiring an additional 480 shares during the period. Assetmark Inc. grew its holdings in Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock worth $33,000 after acquiring an additional 690 shares during the period. Asset Planning Inc acquired a new position in Nutrien during the fourth quarter worth about $35,000. Finally, Exchange Traded Concepts LLC grew its holdings in Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after acquiring an additional 416 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NTR shares. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Wells Fargo & Company lifted their target price on Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 target price on shares of Nutrien in a report on Monday, February 24th. Scotiabank increased their price target on Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Monday, February 24th. Finally, CIBC increased their price target on Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $60.13.

Nutrien Stock Performance

Shares of NYSE NTR opened at $50.82 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $51.26 and its two-hundred day moving average is $48.68. The company has a market cap of $24.86 billion, a P/E ratio of 37.09, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. On average, equities analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Monday, March 31st. Nutrien’s payout ratio is presently 159.12%.

Nutrien Company 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.