American Century Companies Inc. Increases Holdings in Nutrien Ltd. (NYSE:NTR)

American Century Companies Inc. increased its position in Nutrien Ltd. (NYSE:NTR) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 304,273 shares of the company’s stock after buying an additional 10,911 shares during the quarter. American Century Companies Inc. owned 0.06% of Nutrien worth $15,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of NTR. Panagora Asset Management Inc. bought a new stake in shares of Nutrien in the 4th quarter worth approximately $268,000. PNC Financial Services Group Inc. boosted its position in Nutrien by 3.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,332 shares of the company’s stock valued at $807,000 after buying an additional 432 shares during the period. Clearbridge Investments LLC bought a new position in shares of Nutrien during the fourth quarter valued at about $32,448,000. Corient Private Wealth LLC increased its holdings in shares of Nutrien by 8.7% in the fourth quarter. Corient Private Wealth LLC now owns 27,810 shares of the company’s stock worth $1,567,000 after buying an additional 2,229 shares during the period. Finally, Trexquant Investment LP bought a new stake in shares of Nutrien in the 4th quarter valued at about $3,405,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Mizuho decreased their price target on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. BMO Capital Markets lowered their price target on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, August 9th. HSBC lowered shares of Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. UBS Group lowered their price objective on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, Barclays cut their target price on Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. Three analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nutrien presently has an average rating of “Hold” and a consensus target price of $62.39.

Nutrien Trading Down 1.8 %

NYSE:NTR opened at $47.06 on Friday. The firm has a market capitalization of $23.29 billion, a P/E ratio of 27.52, a PEG ratio of 1.53 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. Nutrien Ltd. has a one year low of $44.65 and a one year high of $63.60. The company’s 50-day simple moving average is $48.00 and its 200 day simple moving average is $51.86.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.15. The firm had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The business’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.53 EPS. As a group, analysts forecast that Nutrien Ltd. will post 3.81 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 27th will be paid a $0.54 dividend. The ex-dividend date is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.59%. Nutrien’s dividend payout ratio is currently 126.32%.

Nutrien Company Profile

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.