Nutrien Ltd (NTR) Holdings Raised by Fmr LLC

Fmr LLC raised its position in Nutrien Ltd (NYSE:NTR) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,855,934 shares of the company’s stock after acquiring an additional 47,376 shares during the period. Fmr LLC’s holdings in Nutrien were worth $857,760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NTR. Fiera Capital Corp boosted its stake in Nutrien by 491.9% in the second quarter. Fiera Capital Corp now owns 3,596,159 shares of the company’s stock valued at $195,661,000 after acquiring an additional 2,988,583 shares in the last quarter. Egerton Capital UK LLP acquired a new stake in Nutrien in the second quarter valued at approximately $144,679,000. Toronto Dominion Bank lifted its stake in shares of Nutrien by 177.3% during the second quarter. Toronto Dominion Bank now owns 3,677,431 shares of the company’s stock worth $200,088,000 after buying an additional 2,351,420 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Nutrien by 64.4% during the third quarter. Bank of New York Mellon Corp now owns 1,960,391 shares of the company’s stock worth $113,116,000 after buying an additional 768,242 shares during the period. Finally, AGF Investments Inc. lifted its stake in shares of Nutrien by 54.9% during the second quarter. AGF Investments Inc. now owns 1,846,241 shares of the company’s stock worth $100,420,000 after buying an additional 654,275 shares during the period. Institutional investors own 66.73% of the company’s stock.

Shares of Nutrien stock opened at $50.63 on Friday. Nutrien Ltd has a 1 year low of $40.41 and a 1 year high of $58.99. The firm has a market cap of $31.36 billion, a P/E ratio of 40.98, a price-to-earnings-growth ratio of 1.84 and a beta of 0.76.

Nutrien (NYSE:NTR) last issued its earnings results on Monday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.83 billion. The business’s revenue for the quarter was up 226.9% on a year-over-year basis. As a group, analysts forecast that Nutrien Ltd will post 2.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 17th. Investors of record on Monday, December 31st will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Friday, December 28th. This is a boost from Nutrien’s previous quarterly dividend of $0.40.

NTR has been the subject of several research reports. Royal Bank of Canada set a $65.00 price objective on shares of Nutrien and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. Macquarie lifted their price objective on shares of Nutrien from $59.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, October 12th. Barclays initiated coverage on shares of Nutrien in a research note on Tuesday, September 4th. They set an “overweight” rating and a $65.00 price objective for the company. Zacks Investment Research upgraded shares of Nutrien from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Saturday, September 8th. Finally, Stephens set a $64.00 price objective on shares of Nutrien and gave the stock a “buy” rating in a research note on Monday, August 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $62.67.

COPYRIGHT VIOLATION WARNING: This story was first reported by WKRB News and is the property of of WKRB News. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.wkrb13.com/2018/11/25/nutrien-ltd-ntr-holdings-raised-by-fmr-llc.html.

Nutrien Profile

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.

Further Reading: Marijuana Stocks Investing Considerations

Want to see what other hedge funds are holding NTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutrien Ltd (NYSE:NTR).

Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

Receive News & Ratings for Nutrien Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutrien and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply