Gateway Investment Advisers LLC cut its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 12.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,144 shares of the company's stock after selling 4,899 shares during the period. Gateway Investment Advisers LLC's holdings in Nutrien were worth $1,646,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Nutrien by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company's stock worth $885,009,000 after acquiring an additional 325,210 shares in the last quarter. Dodge & Cox raised its position in Nutrien by 0.3% during the fourth quarter. Dodge & Cox now owns 12,523,259 shares of the company's stock worth $560,416,000 after acquiring an additional 40,800 shares in the last quarter. First Eagle Investment Management LLC raised its position in Nutrien by 0.8% during the fourth quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company's stock worth $426,436,000 after acquiring an additional 77,174 shares in the last quarter. Deutsche Bank AG raised its position 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 acquiring an additional 721,935 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Nutrien by 1.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 5,627,597 shares of the company's stock worth $252,108,000 after acquiring an additional 76,085 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.
Nutrien Stock Performance
Shares of Nutrien stock traded up $0.34 during trading on Wednesday, reaching $60.18. The company's stock had a trading volume of 2,059,640 shares, compared to its average volume of 2,164,747. The business's 50-day moving average price is $55.78 and its 200-day moving average price is $51.75. The firm has a market cap of $29.35 billion, a PE ratio of 43.93, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.92. 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 (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $5.16 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The company's revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. Equities analysts forecast 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. Investors of record on Monday, June 30th will be given 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 3.62%. Nutrien's dividend payout ratio is 203.74%.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Mizuho upped their price target on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Oppenheimer upped their price target on shares of Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. CIBC upped their price target on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research report on Tuesday, February 25th. UBS Group upped their price objective on shares of Nutrien from $52.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, Royal Bank of Canada upped their price objective on shares of Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Nutrien presently has a consensus rating of "Hold" and a consensus price target of $61.44.
View Our Latest Stock Report on NTR
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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