First Eagle Investment Management LLC Acquires 70,068 Shares of Nutrien Ltd. $NTR

First Eagle Investment Management LLC lifted its position in shares of Nutrien Ltd. (NYSE:NTR) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,307,283 shares of the company’s stock after acquiring an additional 70,068 shares during the quarter. First Eagle Investment Management LLC’s holdings in Nutrien were worth $821,326,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NTR. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Nutrien by 19.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after acquiring an additional 2,276,651 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of Nutrien by 16.5% during the 3rd quarter. TD Asset Management Inc now owns 7,368,861 shares of the company’s stock valued at $432,838,000 after acquiring an additional 1,043,766 shares in the last quarter. Black Creek Investment Management Inc. boosted its holdings in shares of Nutrien by 57.3% during the 3rd quarter. Black Creek Investment Management Inc. now owns 2,367,244 shares of the company’s stock valued at $139,050,000 after acquiring an additional 862,487 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Nutrien by 152.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,372,863 shares of the company’s stock valued at $80,662,000 after acquiring an additional 829,275 shares in the last quarter. Finally, Man Group plc boosted its holdings in shares of Nutrien by 5,178.4% during the 3rd quarter. Man Group plc now owns 775,919 shares of the company’s stock valued at $45,577,000 after acquiring an additional 761,219 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of Nutrien stock opened at $71.34 on Tuesday. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36. The firm has a market capitalization of $34.30 billion, a price-to-earnings ratio of 14.53 and a beta of 0.64. The business has a 50-day simple moving average of $74.81 and a 200 day simple moving average of $67.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. On average, research analysts anticipate that Nutrien Ltd. will post 5.09 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, June 30th. Nutrien’s payout ratio is presently 44.81%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NTR shares. BNP Paribas Exane downgraded Nutrien from an “outperform” rating to a “neutral” rating in a report on Monday, February 23rd. Morgan Stanley raised their target price on Nutrien from $77.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Weiss Ratings lowered Nutrien from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday. JPMorgan Chase & Co. raised their target price on Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, UBS Group lowered their target price on Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research report on Monday. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Nutrien presently has an average rating of “Moderate Buy” and a consensus price target of $82.63.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.