Nutrien Ltd. (NYSE:NTR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Nutrien Ltd. (NYSE:NTR) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,742,351 shares of the company’s stock after acquiring an additional 157,932 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Nutrien were worth $83,812,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in Nutrien during the 3rd quarter worth approximately $28,000. Family Firm Inc. acquired a new position in Nutrien during the second quarter worth $32,000. Trust Co. of Vermont grew its holdings in Nutrien by 50.0% during the second quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock worth $46,000 after acquiring an additional 300 shares during the period. Andra AP fonden purchased a new position in Nutrien in the second quarter worth $51,000. Finally, Oakworth Capital Inc. acquired a new stake in Nutrien in the second quarter valued at $52,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Up 0.4 %

Shares of NYSE NTR opened at $46.09 on Thursday. The firm has a market cap of $22.76 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 1.64 and a beta of 0.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. Nutrien Ltd. has a 1 year low of $44.65 and a 1 year high of $60.87. The firm’s 50 day moving average price is $47.97 and its 200 day moving average price is $49.91.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. Nutrien’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS. As a group, sell-side analysts anticipate that Nutrien Ltd. will post 3.56 earnings per share for the current year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a $0.939 dividend. This is a boost from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.76 annualized dividend and a yield of 8.15%. Nutrien’s payout ratio is 144.97%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NTR shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research note on Friday, September 20th. The Goldman Sachs Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and dropped their target price for the company from $69.00 to $53.00 in a report on Tuesday, September 10th. Hsbc Global Res lowered Nutrien from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Scotiabank dropped their price objective on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Monday, August 12th. Finally, TD Securities reduced their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.33.

Nutrien 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.