SailingStone Capital Partners LLC Raises Stake in Nutrien Ltd. $NTR

SailingStone Capital Partners LLC raised its position in Nutrien Ltd. (NYSE:NTR) by 147.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,619 shares of the company’s stock after buying an additional 102,337 shares during the quarter. Nutrien comprises about 2.7% of SailingStone Capital Partners LLC’s holdings, making the stock its 9th largest position. SailingStone Capital Partners LLC’s holdings in Nutrien were worth $10,592,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its position in shares of Nutrien by 84.5% in the fourth quarter. Russell Investments Group Ltd. now owns 604,356 shares of the company’s stock valued at $37,340,000 after purchasing an additional 276,800 shares in the last quarter. Lombard Odier Asset Management Switzerland SA purchased a new position in shares of Nutrien in the fourth quarter valued at $1,487,000. Maryland State Retirement & Pension System grew its position in shares of Nutrien by 1.4% in the fourth quarter. Maryland State Retirement & Pension System now owns 127,356 shares of the company’s stock valued at $7,865,000 after purchasing an additional 1,800 shares in the last quarter. State of Wisconsin Investment Board purchased a new position in shares of Nutrien in the fourth quarter valued at $10,529,000. Finally, Captrust Financial Advisors grew its position in shares of Nutrien by 4.2% in the fourth quarter. Captrust Financial Advisors now owns 769,890 shares of the company’s stock valued at $47,520,000 after purchasing an additional 31,376 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Price Performance

Nutrien stock opened at $65.55 on Wednesday. Nutrien Ltd. has a 52 week low of $53.03 and a 52 week high of $85.36. The business has a 50-day simple moving average of $70.96 and a 200 day simple moving average of $69.38. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The stock has a market cap of $31.42 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.61 and a beta of 0.60.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the prior year, the business earned $0.11 EPS. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, research analysts forecast that Nutrien Ltd. will post 5.45 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, June 30th. Nutrien’s dividend payout ratio is presently 44.81%.

Analyst Upgrades and Downgrades

NTR has been the subject of several recent research reports. Weiss Ratings upgraded Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Barclays lifted their price target on Nutrien from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. BNP Paribas Exane cut Nutrien from an “outperform” rating to a “neutral” rating in a research report on Monday, February 23rd. Raymond James Financial upgraded Nutrien from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $74.00 to $90.00 in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada lifted their price target on Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Nutrien presently has an average rating of “Moderate Buy” and an average target price of $81.71.

Nutrien Profile

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.