Schroder Investment Management Group Has $18.94 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Schroder Investment Management Group reduced its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 434,075 shares of the company’s stock after selling 13,581 shares during the quarter. Schroder Investment Management Group owned 0.09% of Nutrien worth $18,943,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC boosted its stake in Nutrien by 114.3% during the 3rd quarter. Cerity Partners LLC now owns 13,649 shares of the company’s stock valued at $656,000 after purchasing an additional 7,279 shares during the last quarter. IHT Wealth Management LLC boosted its position in shares of Nutrien by 134.2% during the third quarter. IHT Wealth Management LLC now owns 14,583 shares of the company’s stock valued at $701,000 after buying an additional 8,357 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in Nutrien by 12.2% during the third quarter. Royal London Asset Management Ltd. now owns 26,914 shares of the company’s stock worth $1,293,000 after buying an additional 2,919 shares in the last quarter. Wellington Management Group LLP raised its position in Nutrien by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,396,887 shares of the company’s stock valued at $67,200,000 after buying an additional 151,596 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in Nutrien by 1.0% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 67,816 shares of the company’s stock valued at $3,257,000 after acquiring an additional 690 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. CIBC boosted their price target on shares of Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a report on Monday, February 24th. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $40.00 to $50.00 in a report on Monday, January 13th. Barclays boosted their price objective on Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th. Finally, Oppenheimer began coverage on Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.00.

Nutrien Stock Up 0.8 %

Shares of NYSE NTR opened at $49.94 on Thursday. The company has a market cap of $24.41 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.19 and a beta of 0.81. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average is $51.47 and its 200 day moving average is $49.07. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. On average, equities research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s payout ratio is presently 159.12%.

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.