Intact Investment Management Inc. lifted its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 29.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,115,348 shares of the company's stock after acquiring an additional 251,670 shares during the period. Nutrien accounts for approximately 1.9% of Intact Investment Management Inc.'s holdings, making the stock its 11th biggest position. Intact Investment Management Inc. owned approximately 0.23% of Nutrien worth $55,362,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in Nutrien during the 4th quarter worth about $27,000. Assetmark Inc. raised its holdings 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 buying an additional 690 shares in the last quarter. Principal Securities Inc. raised its position in shares of Nutrien by 138.1% in the fourth quarter. Principal Securities Inc. now owns 931 shares of the company's stock valued at $42,000 after purchasing an additional 540 shares during the period. GAMMA Investing LLC lifted its stake in shares of Nutrien by 4,866.7% in the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after buying an additional 1,022 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of Nutrien by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 1,247 shares of the company's stock worth $56,000 after buying an additional 419 shares during the last quarter. 63.10% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
NTR has been the subject of several recent analyst reports. Royal Bank Of Canada increased their target price on Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Oppenheimer boosted their target price on shares of Nutrien from $58.00 to $63.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Berenberg Bank upped their price target on shares of Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, April 15th. TD Securities boosted their target price on Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Finally, Scotiabank downgraded Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price target on the stock. in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $61.94.
View Our Latest Stock Report on NTR
Nutrien Price Performance
Shares of NTR stock traded down $0.90 during trading on Tuesday, hitting $59.43. The company had a trading volume of 1,939,338 shares, compared to its average volume of 2,182,904. The stock's 50-day moving average price is $57.86 and its 200 day moving average price is $52.62. The firm has a market capitalization of $28.95 billion, a P/E ratio of 55.54, a price-to-earnings-growth ratio of 1.14 and a beta of 0.81. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. Nutrien Ltd. has a one year low of $43.70 and a one year high of $65.08.
Nutrien (NYSE:NTR - Get Free Report) last announced 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). The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $5.16 billion. Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The business's revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 earnings per share. Equities analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.
Nutrien Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Monday, June 30th. Nutrien's dividend payout ratio is presently 203.74%.
Nutrien 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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