Man Group plc Purchases 20,674 Shares of Nutrien Ltd (NTR)

Man Group plc grew its position in shares of Nutrien Ltd (NYSE:NTR) by 164.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,241 shares of the company’s stock after acquiring an additional 20,674 shares during the quarter. Man Group plc’s holdings in Nutrien were worth $1,918,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in NTR. BlackRock Inc. lifted its position in shares of Nutrien by 7.9% in the 2nd quarter. BlackRock Inc. now owns 2,881,988 shares of the company’s stock worth $156,723,000 after buying an additional 210,704 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Nutrien by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,587,183 shares of the company’s stock worth $86,311,000 after buying an additional 92,913 shares during the last quarter. United Services Automobile Association lifted its position in shares of Nutrien by 11.2% in the 2nd quarter. United Services Automobile Association now owns 493,761 shares of the company’s stock worth $26,851,000 after buying an additional 49,601 shares during the last quarter. Laurion Capital Management LP bought a new position in shares of Nutrien in the 2nd quarter worth about $381,000. Finally, Natixis lifted its position in shares of Nutrien by 101.1% in the 2nd quarter. Natixis now owns 15,916 shares of the company’s stock worth $866,000 after buying an additional 8,000 shares during the last quarter. 66.64% of the stock is currently owned by institutional investors.

NTR stock opened at $49.87 on Friday. Nutrien Ltd has a fifty-two week low of $40.41 and a fifty-two week high of $58.99.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Monday, November 5th. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. Nutrien had a net margin of 1.74% and a return on equity of 12.95%. The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.83 billion. The company’s revenue for the quarter was up 226.9% on a year-over-year basis. As a group, analysts forecast that Nutrien Ltd will post 2.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Friday, March 29th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.45%.

NTR has been the topic of a number of recent research reports. BMO Capital Markets restated a “hold” rating and issued a $55.00 price target on shares of Nutrien in a research report on Wednesday, September 19th. Scotiabank downgraded shares of Nutrien from a “focus list” rating to an “outperform” rating in a research report on Thursday, September 20th. UBS Group raised their price target on shares of Nutrien from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Royal Bank of Canada set a $65.00 price target on shares of Nutrien and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Finally, Macquarie raised their price target on shares of Nutrien from $59.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, October 12th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $62.29.

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Nutrien Company Profile

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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