Advisors Asset Management Inc. Has $1.96 Million Position in Nutrien Ltd. (NYSE:NTR)

Advisors Asset Management Inc. boosted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,686 shares of the company’s stock after buying an additional 1,044 shares during the period. Advisors Asset Management Inc.’s holdings in Nutrien were worth $1,955,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NTR. Silchester International Investors LLP boosted its stake in Nutrien by 164.4% during the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock worth $513,437,000 after buying an additional 6,642,075 shares in the last quarter. Bank of Montreal Can boosted its stake in Nutrien by 15.5% during the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock worth $719,668,000 after buying an additional 1,794,333 shares in the last quarter. National Bank of Canada FI boosted its stake in Nutrien by 34.0% during the second quarter. National Bank of Canada FI now owns 4,066,629 shares of the company’s stock worth $205,385,000 after buying an additional 1,032,763 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in Nutrien during the second quarter worth $38,176,000. Finally, Meitav Investment House Ltd. acquired a new stake in shares of Nutrien in the 2nd quarter valued at $31,063,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of NYSE:NTR opened at $46.93 on Monday. The stock has a market capitalization of $23.18 billion, a P/E ratio of 31.50, a P/E/G ratio of 1.65 and a beta of 0.82. Nutrien Ltd. has a 1-year low of $44.65 and a 1-year high of $60.87. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $48.01 and a two-hundred day moving average price of $50.11.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. Nutrien’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Equities analysts predict that Nutrien Ltd. will post 3.56 earnings per share for the current year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.939 dividend. The ex-dividend date is Tuesday, December 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a dividend yield of 8.00%. Nutrien’s payout ratio is currently 144.97%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and reduced their target price for the company from $69.00 to $53.00 in a research note on Tuesday, September 10th. Scotiabank reduced their target price on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 12th. HSBC downgraded shares of Nutrien from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Barclays reduced their target price on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. Finally, Wells Fargo & Company downgraded shares of Nutrien from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $62.00 to $50.00 in a research note on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.33.

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.