CORDA Investment Management LLC. increased its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 527,627 shares of the company's stock after purchasing an additional 15,718 shares during the quarter. Nutrien makes up about 2.1% of CORDA Investment Management LLC.'s investment portfolio, making the stock its 25th largest holding. CORDA Investment Management LLC. owned about 0.11% of Nutrien worth $26,207,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Fairway Wealth LLC purchased a new position in shares of Nutrien in the fourth quarter worth $27,000. Assetmark Inc. grew its holdings 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 period. GAMMA Investing LLC grew its holdings in Nutrien by 4,866.7% during the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after purchasing an additional 1,022 shares during the period. Summit Securities Group LLC grew its holdings in Nutrien by 225.0% during the fourth quarter. Summit Securities Group LLC now owns 1,300 shares of the company's stock valued at $58,000 after purchasing an additional 900 shares during the period. Finally, HM Payson & Co. bought a new stake in Nutrien during the first quarter valued at about $65,000. Hedge funds and other institutional investors own 63.10% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Scotiabank downgraded Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price target on the stock. in a report on Thursday, May 22nd. Royal Bank Of Canada increased their price target on Nutrien from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Oppenheimer raised their price objective on Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Finally, Bank of America raised their price objective on Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $62.29.
Read Our Latest Analysis on Nutrien
Nutrien Stock Performance
Nutrien stock traded down $1.30 during trading hours on Thursday, hitting $60.81. 1,847,841 shares of the stock traded hands, compared to its average volume of 2,188,118. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.59. The firm's 50 day moving average price is $59.33 and its 200-day moving average price is $53.72. The stock has a market capitalization of $29.62 billion, a price-to-earnings ratio of 56.83, a P/E/G ratio of 1.18 and a beta of 0.80. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $65.08.
Nutrien (NYSE:NTR - Get Free Report) last posted 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 2.05% and a return on equity of 6.08%. The firm had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $5.16 billion. During the same quarter in the previous year, the firm posted $0.46 EPS. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, equities analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.
Nutrien Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.58%. Nutrien's payout ratio is 203.74%.
Nutrien Company Profile
(
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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