Goehring & Rozencwajg Associates LLC increased its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 235.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 671,829 shares of the company's stock after buying an additional 471,390 shares during the quarter. Nutrien comprises approximately 6.5% of Goehring & Rozencwajg Associates LLC's holdings, making the stock its 2nd largest position. Goehring & Rozencwajg Associates LLC owned approximately 0.14% of Nutrien worth $35,237,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Fairway Wealth LLC acquired a new stake in shares of Nutrien during the 4th quarter valued at $27,000. Assetmark Inc. lifted its position in shares of Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after acquiring an additional 690 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 last quarter. Lindbrook Capital LLC lifted its holdings in shares of Nutrien by 50.6% during the fourth quarter. Lindbrook Capital LLC now owns 1,247 shares of the company's stock valued at $56,000 after purchasing an additional 419 shares during the last quarter. Finally, Summit Securities Group LLC lifted its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Morgan Stanley upped their target price on Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. TD Securities upped their price objective 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. Oppenheimer upped their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Wells Fargo & Company upped their price target on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, Royal Bank Of Canada upped their price target on shares of Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $62.12.
View Our Latest Research Report on NTR
Nutrien Stock Up 0.7%
Shares of NTR traded up $0.44 during midday trading on Friday, reaching $60.43. 1,143,524 shares of the stock were exchanged, compared to its average volume of 2,201,080. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $65.08. The firm has a 50 day simple moving average of $58.95 and a 200-day simple moving average of $53.32. The company has a quick ratio of 0.59, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. The company has a market cap of $29.43 billion, a price-to-earnings ratio of 56.47, a P/E/G ratio of 1.14 and a beta of 0.80.
Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. Nutrien had a net margin of 2.05% and a return on equity of 6.08%. Nutrien's revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 EPS. Research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.
Nutrien Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Monday, June 30th. Nutrien's payout ratio is presently 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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