Fox Run Management L.L.C. acquired a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,315 shares of the company's stock, valued at approximately $661,000.
Other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Nutrien by 184.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company's stock worth $608,000 after purchasing an additional 7,934 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Nutrien by 27.6% during the first quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock worth $229,000 after purchasing an additional 1,002 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Nutrien during the first quarter worth $517,000. Bessemer Group Inc. grew its stake in Nutrien by 163.7% in the first quarter. Bessemer Group Inc. now owns 1,690 shares of the company's stock valued at $84,000 after acquiring an additional 1,049 shares during the period. Finally, GAMMA Investing LLC grew its stake in Nutrien by 4,866.7% in the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after acquiring an additional 1,022 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on NTR shares. Scotiabank decreased their target price on Nutrien from $62.00 to $60.00 and set a "sector perform" rating for the company in a research note on Monday, August 11th. Barclays boosted their target price on Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Royal Bank Of Canada reissued an "outperform" rating on shares of Nutrien in a research note on Monday, July 14th. Jefferies Financial Group reissued a "hold" rating and issued a $66.00 target price (up from $63.00) on shares of Nutrien in a research note on Friday, July 11th. Finally, The Goldman Sachs Group boosted their target price on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $62.65.
Read Our Latest Stock Report on NTR
Nutrien Stock Up 0.1%
Shares of Nutrien stock traded up $0.0350 during trading on Tuesday, reaching $56.7350. The stock had a trading volume of 1,180,534 shares, compared to its average volume of 2,012,656. The company has a market capitalization of $27.58 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 0.97 and a beta of 0.81. The stock has a fifty day moving average price of $59.43 and a two-hundred day moving average price of $55.58. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39.
Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating analysts' consensus estimates of $2.41 by $0.24. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.34 earnings per share. Sell-side analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.
Nutrien Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.18 annualized dividend and a dividend yield of 3.8%. Nutrien's payout ratio is 78.14%.
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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