Black Creek Investment Management Inc. Has $268.30 Million Holdings in Nutrien Ltd. (NYSE:NTR)

Black Creek Investment Management Inc. lowered its position in Nutrien Ltd. (NYSE:NTR) by 7.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,271,047 shares of the company’s stock after selling 407,691 shares during the period. Nutrien accounts for 10.0% of Black Creek Investment Management Inc.’s portfolio, making the stock its 2nd largest holding. Black Creek Investment Management Inc. owned 1.07% of Nutrien worth $268,300,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC bought a new stake in shares of Nutrien during the 2nd quarter worth about $2,639,000. Vanguard Group Inc. boosted its position in Nutrien by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 18,210,375 shares of the company’s stock worth $1,025,790,000 after purchasing an additional 158,161 shares during the period. SG Americas Securities LLC grew its holdings in Nutrien by 370.1% during the first quarter. SG Americas Securities LLC now owns 58,041 shares of the company’s stock valued at $3,152,000 after purchasing an additional 45,695 shares during the last quarter. BNP Paribas bought a new position in shares of Nutrien in the first quarter valued at approximately $1,146,000. Finally, Wellington Management Group LLP lifted its stake in shares of Nutrien by 54.3% in the fourth quarter. Wellington Management Group LLP now owns 841,144 shares of the company’s stock worth $47,620,000 after buying an additional 296,122 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

NTR has been the topic of several recent analyst reports. Piper Sandler dropped their target price on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating on the stock in a report on Tuesday, June 11th. Wells Fargo & Company dropped their price objective on Nutrien from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. TD Securities decreased their target price on Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. HSBC downgraded Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Nutrien currently has a consensus rating of “Hold” and a consensus price target of $62.39.

Nutrien Stock Up 1.2 %

NYSE NTR opened at $46.74 on Monday. Nutrien Ltd. has a 1-year low of $44.65 and a 1-year high of $65.00. The company has a market capitalization of $23.12 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.50 and a beta of 0.82. The stock’s 50 day moving average is $48.20 and its two-hundred day moving average is $52.02. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.19 by $0.15. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The business had revenue of $10.16 billion for the quarter, compared to analyst estimates of $10.82 billion. During the same quarter in the previous year, the firm earned $2.53 EPS. Nutrien’s quarterly revenue was down 12.9% on a year-over-year basis. Equities analysts forecast that Nutrien Ltd. will post 3.81 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend is Friday, September 27th. Nutrien’s dividend payout ratio (DPR) is currently 126.32%.

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.