Schroder Investment Management Group Raises Stake in Nutrien Ltd (NTR)

Schroder Investment Management Group lifted its stake in shares of Nutrien Ltd (NYSE:NTR) by 252.4% during the third quarter, HoldingsChannel.com reports. The fund owned 7,680,426 shares of the company’s stock after buying an additional 5,501,161 shares during the quarter. Nutrien makes up approximately 0.9% of Schroder Investment Management Group’s investment portfolio, making the stock its 14th biggest holding. Schroder Investment Management Group’s holdings in Nutrien were worth $543,168,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of NTR. Trexquant Investment LP bought a new position in shares of Nutrien during the third quarter valued at approximately $3,229,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Nutrien by 3.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 406,931 shares of the company’s stock valued at $23,479,000 after purchasing an additional 12,690 shares in the last quarter. Bruderman Asset Management LLC boosted its stake in shares of Nutrien by 29.4% during the third quarter. Bruderman Asset Management LLC now owns 57,306 shares of the company’s stock valued at $3,307,000 after purchasing an additional 13,016 shares in the last quarter. FMR LLC boosted its stake in shares of Nutrien by 0.3% during the third quarter. FMR LLC now owns 14,855,934 shares of the company’s stock valued at $857,760,000 after purchasing an additional 47,376 shares in the last quarter. Finally, CI Global Investments Inc. boosted its stake in shares of Nutrien by 1.4% during the third quarter. CI Global Investments Inc. now owns 230,765 shares of the company’s stock valued at $13,315,000 after purchasing an additional 3,277 shares in the last quarter. 66.73% of the stock is currently owned by institutional investors and hedge funds.

NTR traded down $0.06 during trading on Friday, hitting $51.16. The stock had a trading volume of 14,070 shares, compared to its average volume of 1,648,813. The company has a market cap of $31.36 billion, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of 1.84 and a beta of 0.76. Nutrien Ltd has a twelve month low of $40.41 and a twelve month high of $58.99.

Nutrien (NYSE:NTR) last announced its earnings results on Monday, November 5th. The company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.03. Nutrien had a net margin of 1.74% and a return on equity of 12.95%. The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.83 billion. Nutrien’s revenue for the quarter was up 226.9% on a year-over-year basis. As a group, research analysts anticipate that Nutrien Ltd will post 2.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 17th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.43 per share. This is an increase from Nutrien’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, December 28th.

A number of research firms have recently issued reports on NTR. Zacks Investment Research upgraded shares of Nutrien from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Wednesday, August 15th. TD Securities downgraded shares of Nutrien from a “buy” rating to a “hold” rating and increased their price objective for the company from $60.00 to $63.00 in a research note on Friday, August 3rd. Stephens set a $64.00 target price on shares of Nutrien and gave the company a “buy” rating in a research note on Monday, August 6th. Scotiabank restated a “buy” rating and issued a $65.00 target price on shares of Nutrien in a research note on Friday, August 3rd. Finally, Barclays initiated coverage on shares of Nutrien in a research note on Tuesday, September 4th. They issued an “overweight” rating and a $65.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $62.67.

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About Nutrien

Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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