United Services Automobile Association increased its stake in shares of Nutrien Ltd (NYSE:NTR) by 11.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 493,761 shares of the company’s stock after buying an additional 49,601 shares during the quarter. United Services Automobile Association owned about 0.08% of Nutrien worth $26,851,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. First Eagle Investment Management LLC acquired a new position in Nutrien during the 1st quarter worth $1,291,935,000. Boston Partners acquired a new position in shares of Nutrien during the 1st quarter worth about $387,104,000. CIBC Asset Management Inc acquired a new position in shares of Nutrien during the 1st quarter worth about $323,312,000. Fiera Capital Corp boosted its position in shares of Nutrien by 491.9% during the 2nd quarter. Fiera Capital Corp now owns 3,596,159 shares of the company’s stock worth $195,661,000 after acquiring an additional 2,988,583 shares in the last quarter. Finally, Egerton Capital UK LLP acquired a new position in shares of Nutrien during the 2nd quarter worth about $144,679,000. Hedge funds and other institutional investors own 66.85% of the company’s stock.

NYSE:NTR traded down $0.48 during trading hours on Friday, reaching $55.97. 1,404,601 shares of the company traded hands, compared to its average volume of 1,454,596. The stock has a market cap of $34.63 billion, a PE ratio of 45.02, a price-to-earnings-growth ratio of 1.58 and a beta of 0.72. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 2.07. Nutrien Ltd has a 1-year low of $40.41 and a 1-year high of $58.70.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, August 1st. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.08. Nutrien had a return on equity of 10.27% and a net margin of 9.83%. The firm had revenue of $8.15 billion for the quarter, compared to analysts’ expectations of $7.70 billion. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts predict that Nutrien Ltd will post 2.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, September 28th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, September 27th.

Several research firms have recently issued reports on NTR. Zacks Investment Research raised Nutrien from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Saturday, September 8th. ValuEngine raised Nutrien from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Royal Bank of Canada set a $63.00 target price on Nutrien and gave the company a “buy” rating in a report on Thursday, August 2nd. Scotiabank reaffirmed a “buy” rating and set a $65.00 price objective on shares of Nutrien in a research note on Friday, August 3rd. Finally, Citigroup upped their price objective on Nutrien from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $61.25.

About Nutrien

Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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