Black Creek Investment Management Inc. Sells 1,400,054 Shares of Nutrien Ltd. (NYSE:NTR)

Black Creek Investment Management Inc. trimmed its position in Nutrien Ltd. (NYSE:NTR) by 22.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,890,805 shares of the company’s stock after selling 1,400,054 shares during the period. Nutrien makes up about 10.3% of Black Creek Investment Management Inc.’s portfolio, making the stock its 4th largest holding. Black Creek Investment Management Inc. owned 1.00% of Nutrien worth $218,729,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NTR. Fairway Wealth LLC bought a new position in shares of Nutrien during the 4th quarter valued at about $27,000. HHM Wealth Advisors LLC lifted its stake in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after purchasing an additional 480 shares during the last quarter. Assetmark Inc. lifted its stake in Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after purchasing an additional 690 shares during the last quarter. Asset Planning Inc bought a new stake in Nutrien during the fourth quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC grew its position in Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after buying an additional 416 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Trading Up 5.7 %

Nutrien stock opened at $51.05 on Friday. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The stock has a market cap of $24.96 billion, a P/E ratio of 37.26, a P/E/G ratio of 1.19 and a beta of 0.77. The company’s fifty day simple moving average is $50.74 and its 200-day simple moving average is $49.13.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. As a group, sell-side analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were issued a $0.545 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.27%. Nutrien’s dividend payout ratio is currently 159.12%.

Wall Street Analysts Forecast Growth

NTR has been the subject of a number of recent research reports. Mizuho increased their price objective on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 price target on shares of Nutrien in a research report on Monday, February 24th. Scotiabank lifted their price target on Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 24th. CIBC upped their price objective on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $40.00 to $50.00 in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Nutrien currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

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.