Massachusetts Financial Services Co. MA Has $133.43 Million Stock Position in Nutrien Ltd. (NYSE:NTR)

Massachusetts Financial Services Co. MA boosted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,620,943 shares of the company’s stock after purchasing an additional 150,851 shares during the period. Massachusetts Financial Services Co. MA owned 0.53% of Nutrien worth $133,432,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Silchester International Investors LLP boosted its holdings in shares of Nutrien by 211.6% in the 2nd quarter. Silchester International Investors LLP now owns 4,041,167 shares of the company’s stock valued at $205,736,000 after buying an additional 2,744,213 shares during the last quarter. ARGA Investment Management LP grew its position in shares of Nutrien by 120.2% in the 1st quarter. ARGA Investment Management LP now owns 3,780,881 shares of the company’s stock valued at $205,421,000 after acquiring an additional 2,063,881 shares during the period. TD Asset Management Inc increased its stake in shares of Nutrien by 28.6% during the 4th quarter. TD Asset Management Inc now owns 9,226,352 shares of the company’s stock worth $522,309,000 after purchasing an additional 2,050,358 shares during the last quarter. Parnassus Investments LLC raised its holdings in shares of Nutrien by 19.5% in the 4th quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock valued at $676,928,000 after purchasing an additional 1,960,162 shares during the period. Finally, National Bank of Canada FI raised its holdings in shares of Nutrien by 34.0% in the 2nd quarter. National Bank of Canada FI now owns 4,066,629 shares of the company’s stock valued at $205,385,000 after purchasing an additional 1,032,763 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Down 0.2 %

NTR stock opened at $46.82 on Thursday. Nutrien Ltd. has a 52 week low of $44.65 and a 52 week high of $64.29. The business has a 50-day simple moving average of $48.09 and a 200 day simple moving average of $51.91. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.37. The company has a market cap of $23.16 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 1.51 and a beta of 0.82.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.19 by $0.15. The company had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. 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 company earned $2.53 EPS. Sell-side analysts anticipate that Nutrien Ltd. will post 3.81 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend is Friday, September 27th. Nutrien’s dividend payout ratio is presently 126.32%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. The Goldman Sachs Group downgraded Nutrien from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $69.00 to $53.00 in a research report on Tuesday, September 10th. HSBC cut Nutrien from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Scotiabank decreased their price objective on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a report on Monday, August 12th. Royal Bank of Canada restated an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research note on Monday, August 12th. Finally, TD Securities decreased their price target on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.39.

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.