Benjamin Edwards Inc. lessened its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 49.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,174 shares of the company's stock after selling 6,071 shares during the quarter. Benjamin Edwards Inc.'s holdings in Nutrien were worth $277,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. American Trust Investment Advisors LLC grew its stake in Nutrien by 33.0% during the fourth quarter. American Trust Investment Advisors LLC now owns 14,860 shares of the company's stock worth $665,000 after buying an additional 3,690 shares in the last quarter. Aptus Capital Advisors LLC acquired a new stake in Nutrien during the fourth quarter worth about $511,000. Parvin Asset Management LLC acquired a new stake in Nutrien during the fourth quarter worth about $646,000. Guardian Capital LP grew its stake in Nutrien by 43.1% during the fourth quarter. Guardian Capital LP now owns 439,179 shares of the company's stock worth $19,641,000 after buying an additional 132,169 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Nutrien by 59.3% during the fourth quarter. Northern Trust Corp now owns 356,031 shares of the company's stock worth $15,932,000 after buying an additional 132,601 shares in the last quarter. Institutional investors own 63.10% of the company's stock.
Nutrien Trading Up 0.7%
Nutrien stock traded up $0.40 during mid-day trading on Thursday, hitting $57.38. 2,079,051 shares of the stock were exchanged, compared to its average volume of 2,135,600. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. The firm's fifty day simple moving average is $52.35 and its two-hundred day simple moving average is $50.14. The stock has a market capitalization of $28.02 billion, a price-to-earnings ratio of 41.88, a PEG ratio of 1.19 and a beta of 0.79.
Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the previous year, the business posted $0.46 EPS. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. Analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.
Nutrien Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.80%. Nutrien's payout ratio is 203.74%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on NTR. TD Securities increased their price objective on shares of Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday. Oppenheimer increased their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a report on Tuesday. Mizuho increased their target price on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Wells Fargo & Company increased their target price on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Monday. Finally, Piper Sandler increased their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Nutrien has an average rating of "Hold" and a consensus target price of $61.44.
Get Our Latest Stock Analysis on Nutrien
About Nutrien
(
Free Report)
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.
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