Nutrien Ltd. (NYSE:NTR) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Nutrien Ltd. (NYSE:NTR) by 70.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 416,127 shares of the company’s stock after purchasing an additional 171,699 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Nutrien worth $23,558,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Townsend & Associates Inc raised its holdings in shares of Nutrien by 27.8% in the third quarter. Townsend & Associates Inc now owns 163,942 shares of the company’s stock worth $10,125,000 after acquiring an additional 35,690 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Nutrien by 2.5% in the third quarter. CIBC Asset Management Inc now owns 6,361,084 shares of the company’s stock worth $394,047,000 after acquiring an additional 154,159 shares during the last quarter. Canoe Financial LP raised its holdings in shares of Nutrien by 64.6% in the third quarter. Canoe Financial LP now owns 75,945 shares of the company’s stock worth $4,690,000 after acquiring an additional 29,819 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Nutrien by 0.5% in the third quarter. First Eagle Investment Management LLC now owns 9,262,659 shares of the company’s stock worth $572,062,000 after acquiring an additional 48,230 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Nutrien by 1.5% in the third quarter. Deutsche Bank AG now owns 14,708,135 shares of the company’s stock worth $908,374,000 after acquiring an additional 214,299 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Price Performance

Shares of NYSE NTR opened at $51.81 on Thursday. Nutrien Ltd. has a fifty-two week low of $47.90 and a fifty-two week high of $75.29. The business has a 50 day moving average price of $52.84 and a two-hundred day moving average price of $54.37. The company has a quick ratio of 0.65, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. The firm has a market cap of $25.62 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.89 and a beta of 0.89.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same quarter last year, the business earned $2.02 EPS. Nutrien’s revenue for the quarter was down 24.8% compared to the same quarter last year. Sell-side analysts expect that Nutrien Ltd. will post 3.91 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Nutrien’s previous quarterly dividend of $0.53. Nutrien’s dividend payout ratio (DPR) is 85.38%.

Wall Street Analysts Forecast Growth

NTR has been the topic of several recent analyst reports. CIBC reduced their target price on Nutrien from $87.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Royal Bank of Canada reduced their target price on Nutrien from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Stifel Nicolaus increased their target price on Nutrien from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Wolfe Research initiated coverage on Nutrien in a research report on Friday, March 1st. They set an “outperform” rating and a $66.00 target price on the stock. Finally, Berenberg Bank reduced their target price on Nutrien from $67.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $67.95.

About Nutrien

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.