CORDA Investment Management LLC. increased its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 527,627 shares of the company's stock after acquiring an additional 15,718 shares during the quarter. Nutrien makes up about 2.1% of CORDA Investment Management LLC.'s portfolio, making the stock its 25th largest position. CORDA Investment Management LLC. owned approximately 0.11% of Nutrien worth $26,207,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of NTR. Norges Bank bought a new position in Nutrien during the fourth quarter worth $241,958,000. Arrowstreet Capital Limited Partnership boosted its stake in Nutrien by 159.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company's stock worth $242,976,000 after acquiring an additional 3,341,169 shares in the last quarter. Barclays PLC boosted its stake in Nutrien by 192.7% during the fourth quarter. Barclays PLC now owns 411,056 shares of the company's stock worth $18,395,000 after acquiring an additional 854,543 shares in the last quarter. Deutsche Bank AG raised its holdings in Nutrien by 11.3% during the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock worth $317,951,000 after buying an additional 721,935 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Nutrien by 30.3% during the fourth quarter. Geode Capital Management LLC now owns 3,022,551 shares of the company's stock worth $137,202,000 after buying an additional 702,948 shares during the last quarter. 63.10% of the stock is owned by institutional investors.
Nutrien Stock Performance
NYSE:NTR traded up $0.15 on Friday, reaching $60.95. 2,660,635 shares of the company's stock were exchanged, compared to its average volume of 2,190,001. 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 has a market cap of $29.69 billion, a price-to-earnings ratio of 56.96, a P/E/G ratio of 1.18 and a beta of 0.80. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $65.08. The stock has a fifty day simple moving average of $59.33 and a 200-day simple moving average of $53.72.
Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the prior year, the business earned $0.46 EPS. Nutrien's revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.
Nutrien Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be given 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 dividend payout ratio (DPR) is currently 203.74%.
Analysts Set New Price Targets
Several research analysts have weighed in on NTR shares. Wells Fargo & Company upped their price objective on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. UBS Group upped their price objective on shares of Nutrien from $52.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Morgan Stanley upped their price objective on shares of Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Jefferies Financial Group restated a "hold" rating and set a $66.00 price objective (up previously from $63.00) on shares of Nutrien in a report on Friday. Finally, Bank of America upped their price objective on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.50.
Check Out Our Latest Report on Nutrien
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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