Nutrien Ltd. $NTR is Black Creek Investment Management Inc.’s 6th Largest Position

Black Creek Investment Management Inc. raised its position in Nutrien Ltd. (NYSE:NTR) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,553,108 shares of the company’s stock after buying an additional 185,864 shares during the period. Nutrien comprises 7.8% of Black Creek Investment Management Inc.’s investment portfolio, making the stock its 6th biggest position. Black Creek Investment Management Inc.’s holdings in Nutrien were worth $157,796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Nutrien by 65.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock valued at $1,253,000 after buying an additional 9,950 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Nutrien by 6.2% in the first quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock valued at $343,000 after buying an additional 404 shares in the last quarter. Focus Partners Wealth purchased a new position in Nutrien in the first quarter valued at $516,000. Acadian Asset Management LLC purchased a new position in Nutrien in the first quarter valued at $54,000. Finally, Prudential Financial Inc. purchased a new position in Nutrien in the second quarter valued at $203,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Scotiabank lifted their price objective on shares of Nutrien from $75.00 to $80.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. UBS Group dropped their target price on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research report on Monday, May 11th. Raymond James Financial upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $74.00 to $90.00 in a research report on Tuesday, May 5th. Finally, Barclays lifted their target price on shares of Nutrien from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.71.

Nutrien Stock Up 3.2%

Shares of NYSE NTR opened at $67.65 on Friday. The company’s 50-day simple moving average is $71.34 and its 200-day simple moving average is $69.17. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36. The firm has a market cap of $32.47 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 0.62 and a beta of 0.60. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same quarter last year, the business earned $0.11 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. Equities analysts predict that Nutrien Ltd. will post 5.45 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a yield of 3.3%. Nutrien’s payout ratio is presently 44.81%.

About Nutrien

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.