Gateway Investment Advisers LLC trimmed its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 12.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.
Several other hedge funds also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in shares of Nutrien during the 4th quarter worth $27,000. Assetmark Inc. grew its position 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 acquiring an additional 690 shares during the period. Asset Planning Inc acquired a new stake in Nutrien during the fourth quarter worth about $35,000. Principal Securities Inc. increased its stake in Nutrien by 138.1% during the fourth quarter. Principal Securities Inc. now owns 931 shares of the company's stock worth $42,000 after acquiring an additional 540 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Nutrien by 4,866.7% in the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after purchasing an additional 1,022 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.
Nutrien Trading Up 0.3%
Shares of NTR stock traded up $0.18 during trading hours on Thursday, reaching $60.41. The company had a trading volume of 1,784,192 shares, compared to its average volume of 2,163,230. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.92. 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 firm has a market cap of $29.46 billion, a price-to-earnings ratio of 44.10, a P/E/G ratio of 1.19 and a beta of 0.81. The company has a 50 day moving average of $55.78 and a 200 day moving average of $51.75.
Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.11 EPS 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 firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the previous year, the company posted $0.46 EPS. The firm's revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.
Nutrien Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.61%. The ex-dividend date is Monday, June 30th. Nutrien's payout ratio is 203.74%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Bank of America boosted their target price on Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Barclays boosted their price objective on shares of Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. TD Securities raised their target price on shares of Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Scotiabank lowered shares of Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 target price on the stock. in a report on Thursday, May 22nd. Finally, Oppenheimer increased their price target on Nutrien from $58.00 to $63.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $61.44.
Get Our Latest Analysis 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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