Fiduciary Management Inc. WI Has $541.41 Million Position in Nutrien Ltd (NYSE:NTR)

Fiduciary Management Inc. WI decreased its position in Nutrien Ltd (NYSE:NTR) by 1.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,127,392 shares of the company’s stock after selling 129,362 shares during the quarter. Nutrien comprises 3.5% of Fiduciary Management Inc. WI’s holdings, making the stock its 6th largest position. Fiduciary Management Inc. WI’s holdings in Nutrien were worth $541,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of NTR. Natixis increased its stake in Nutrien by 27.9% in the 2nd quarter. Natixis now owns 8,716 shares of the company’s stock worth $467,000 after purchasing an additional 1,901 shares during the period. Meadow Creek Investment Management LLC boosted its stake in shares of Nutrien by 17.1% during the second quarter. Meadow Creek Investment Management LLC now owns 7,684 shares of the company’s stock valued at $395,000 after purchasing an additional 1,122 shares during the period. Glen Harbor Capital Management LLC boosted its stake in shares of Nutrien by 17.1% during the second quarter. Glen Harbor Capital Management LLC now owns 4,972 shares of the company’s stock valued at $256,000 after purchasing an additional 726 shares during the period. Commonwealth Bank of Australia grew its holdings in shares of Nutrien by 46.1% in the second quarter. Commonwealth Bank of Australia now owns 1,318 shares of the company’s stock worth $69,000 after purchasing an additional 416 shares during the last quarter. Finally, Elkfork Partners LLC grew its holdings in shares of Nutrien by 17.1% in the second quarter. Elkfork Partners LLC now owns 6,328 shares of the company’s stock worth $325,000 after purchasing an additional 924 shares during the last quarter. 65.50% of the stock is owned by institutional investors and hedge funds.

NTR has been the subject of a number of recent analyst reports. Citigroup set a $61.00 price target on shares of Nutrien and gave the company a “buy” rating in a report on Wednesday, July 31st. Bank of America raised shares of Nutrien from an “underperform” rating to a “neutral” rating in a research report on Friday, August 16th. TD Securities raised their price target on shares of Nutrien from $68.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. UBS Group set a $62.00 price objective on shares of Nutrien and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, Zacks Investment Research cut shares of Nutrien from a “hold” rating to a “sell” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $61.54.

Shares of NTR stock opened at $51.10 on Tuesday. The stock has a fifty day moving average of $50.82 and a 200 day moving average of $52.03. Nutrien Ltd has a 52 week low of $43.96 and a 52 week high of $58.99. The firm has a market capitalization of $29.59 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 2.52 and a beta of 0.91.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Monday, July 29th. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.01). The business had revenue of $8.66 billion for the quarter, compared to analyst estimates of $8.17 billion. During the same period in the previous year, the business earned $1.48 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, research analysts predict that Nutrien Ltd will post 2.56 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.52%. This is a boost from Nutrien’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, September 27th. Nutrien’s dividend payout ratio (DPR) is currently 63.94%.

Nutrien Profile

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

Featured Story: What is a Market Correction?

Want to see what other hedge funds are holding NTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutrien Ltd (NYSE:NTR).

Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

Receive News & Ratings for Nutrien Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutrien and related companies with MarketBeat.com's FREE daily email newsletter.