Live Oak Private Wealth LLC lowered its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 62.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,100 shares of the company's stock after selling 8,515 shares during the period. Live Oak Private Wealth LLC's holdings in Nutrien were worth $253,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in Nutrien in the fourth quarter valued at about $27,000. Assetmark Inc. boosted its holdings in Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after purchasing an additional 690 shares during the last quarter. Principal Securities Inc. boosted its holdings in 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 last quarter. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 1,022 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in Nutrien by 50.6% in 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. Hedge funds and other institutional investors own 63.10% of the company's stock.
Nutrien Price Performance
Shares of NYSE NTR opened at $60.95 on Monday. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $65.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.59. The business's fifty day moving average price is $57.69 and its two-hundred day moving average price is $52.54. The firm has a market capitalization of $29.68 billion, a PE ratio of 56.96, a P/E/G ratio of 1.10 and a beta of 0.81.
Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results 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). Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The company had revenue of $4.67 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same period in the prior year, the business earned $0.46 earnings per share. Nutrien's quarterly revenue was down 5.4% on a year-over-year basis. On average, research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.
Nutrien Dividend Announcement
The business 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 dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Monday, June 30th. Nutrien's dividend payout ratio is currently 203.74%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on NTR shares. Raymond James Financial downgraded Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 target price on the stock. in a report on Tuesday, June 17th. Berenberg Bank increased their target price on Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday, April 15th. TD Securities increased their target price on Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a report on Monday, May 12th. The Goldman Sachs Group increased their target price on Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a report on Friday, May 9th. Finally, CIBC increased their target price on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $61.94.
View Our Latest Analysis on Nutrien
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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