Metis Global Partners LLC Acquires 12,038 Shares of Nutrien Ltd. $NTR

Metis Global Partners LLC lifted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 5.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 232,686 shares of the company’s stock after purchasing an additional 12,038 shares during the period. Metis Global Partners LLC’s holdings in Nutrien were worth $14,362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swiss Life Asset Management Ltd raised its holdings in shares of Nutrien by 23.6% during the third quarter. Swiss Life Asset Management Ltd now owns 79,770 shares of the company’s stock valued at $4,691,000 after acquiring an additional 15,230 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Nutrien by 1.4% during the third quarter. Van ECK Associates Corp now owns 1,854,650 shares of the company’s stock valued at $108,901,000 after acquiring an additional 25,588 shares in the last quarter. MH & Associates Securities Management Corp ADV bought a new position in shares of Nutrien during the fourth quarter valued at approximately $1,967,000. Hudson Bay Capital Management LP raised its holdings in shares of Nutrien by 190.3% during the third quarter. Hudson Bay Capital Management LP now owns 116,312 shares of the company’s stock valued at $6,829,000 after acquiring an additional 76,244 shares in the last quarter. Finally, Black Creek Investment Management Inc. raised its holdings in Nutrien by 57.3% in the third quarter. Black Creek Investment Management Inc. now owns 2,367,244 shares of the company’s stock worth $139,050,000 after purchasing an additional 862,487 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Canadian Imperial Bank of Commerce decreased their price objective on Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a report on Thursday, April 30th. Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Thursday, April 30th. Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Barclays increased their price objective on Nutrien from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.71.

Nutrien Trading Down 2.0%

NYSE NTR opened at $65.05 on Thursday. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The stock has a market cap of $31.23 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.61 and a beta of 0.60. The stock’s fifty day moving average price is $71.68 and its 200-day moving average price is $69.11. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the prior year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities analysts forecast that Nutrien Ltd. will post 5.45 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business 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 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio is currently 44.81%.

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.