MARSHALL WACE ASIA Ltd increased its holdings in shares of Nutrien Ltd (NYSE:NTR) by 19.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,206,613 shares of the company’s stock after purchasing an additional 199,044 shares during the period. Nutrien makes up about 2.4% of MARSHALL WACE ASIA Ltd’s holdings, making the stock its 19th biggest position. MARSHALL WACE ASIA Ltd owned 0.20% of Nutrien worth $69,622,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Glassman Wealth Services grew its stake in Nutrien by 91.7% in the third quarter. Glassman Wealth Services now owns 2,153 shares of the company’s stock valued at $124,000 after acquiring an additional 1,030 shares during the period. FNY Investment Advisers LLC grew its stake in Nutrien by 4,210.3% in the third quarter. FNY Investment Advisers LLC now owns 2,500 shares of the company’s stock valued at $144,000 after acquiring an additional 2,442 shares during the period. Capital Advisors Ltd. LLC acquired a new stake in Nutrien in the third quarter valued at approximately $147,000. Dorsey & Whitney Trust CO LLC acquired a new stake in Nutrien in the third quarter valued at approximately $204,000. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in Nutrien in the third quarter valued at approximately $206,000. 66.70% of the stock is owned by hedge funds and other institutional investors.

Shares of NTR stock traded up $0.52 during trading hours on Thursday, reaching $51.73. The company had a trading volume of 2,134,712 shares, compared to its average volume of 1,706,922. Nutrien Ltd has a 12 month low of $40.41 and a 12 month high of $58.99. The firm has a market capitalization of $31.35 billion, a PE ratio of 40.97, a P/E/G ratio of 1.84 and a beta of 0.75.

Nutrien (NYSE:NTR) last posted its earnings results on Monday, November 5th. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03. Nutrien had a return on equity of 12.95% and a net margin of 1.74%. The company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.83 billion. The business’s quarterly revenue was up 226.9% compared to the same quarter last year. On average, research analysts expect that Nutrien Ltd will post 2.65 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 17th. Stockholders of record on Monday, December 31st will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Friday, December 28th. This is a positive change from Nutrien’s previous quarterly dividend of $0.40.

NTR has been the subject of a number of research reports. Cleveland Research raised Nutrien from a “neutral” rating to a “buy” rating in a research note on Thursday, October 18th. Royal Bank of Canada set a $65.00 price objective on Nutrien and gave the company a “buy” rating in a research note on Tuesday, October 2nd. UBS Group raised their price objective on Nutrien from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised 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, TD Securities raised Nutrien from a “hold” rating to a “buy” rating and raised their price objective for the company from $63.00 to $68.00 in a research note on Wednesday, November 7th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $62.67.

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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.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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