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.
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.
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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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