Chancellor Financial Group WB LP bought a new position in Nutrien Ltd. (NYSE:NTR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,550 shares of the company's stock, valued at approximately $248,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in Nutrien in the fourth quarter valued at $27,000. HHM Wealth Advisors LLC boosted its holdings in Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after acquiring an additional 480 shares in the last quarter. Assetmark Inc. boosted its holdings in Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after acquiring an additional 690 shares in the last quarter. Asset Planning Inc bought a new stake in Nutrien in the fourth quarter valued at $35,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after acquiring an additional 416 shares in the last quarter. Institutional investors own 63.10% of the company's stock.
Nutrien Stock Performance
NTR stock traded up $0.27 during trading on Friday, hitting $59.05. 2,553,457 shares of the company traded hands, compared to its average volume of 2,153,754. The stock's 50-day simple moving average is $53.96 and its 200 day simple moving average is $50.90. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The company has a market cap of $28.83 billion, a PE ratio of 43.10, a P/E/G ratio of 1.19 and a beta of 0.79. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.50.
Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The company had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $5.16 billion. During the same quarter in the prior year, the business posted $0.46 earnings per share. The firm's revenue was down 5.4% compared to the same quarter last year. On average, equities analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.
Nutrien Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.69%. The ex-dividend date is Monday, June 30th. Nutrien's payout ratio is currently 203.74%.
Analysts Set New Price Targets
Several research firms have recently issued reports on NTR. Oppenheimer lifted their price target on Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Berenberg Bank lifted their price target on Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, April 15th. TD Securities lifted their price target on Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Wells Fargo & Company lifted their price target on Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Finally, Royal Bank of Canada lifted their price target on Nutrien from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $61.44.
Get Our Latest Stock Report 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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