Burgundy Asset Management Ltd. lifted its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 36.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,000 shares of the company's stock after purchasing an additional 34,500 shares during the period. Burgundy Asset Management Ltd.'s holdings in Nutrien were worth $5,811,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Nutrien by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,886,376 shares of the company's stock worth $84,367,000 after purchasing an additional 144,025 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Nutrien by 5.7% during the 4th quarter. Van ECK Associates Corp now owns 1,480,870 shares of the company's stock worth $66,264,000 after purchasing an additional 80,382 shares during the last quarter. Secured Retirement Advisors LLC acquired a new position in shares of Nutrien during the 4th quarter worth approximately $654,000. Abel Hall LLC acquired a new position in shares of Nutrien during the 4th quarter worth approximately $276,000. Finally, Hedges Asset Management LLC acquired a new position in shares of Nutrien during the 4th quarter worth approximately $470,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.
Nutrien Stock Down 1.3%
Shares of NYSE NTR opened at $58.88 on Friday. The firm has a market cap of $28.75 billion, a price-to-earnings ratio of 42.98, a PEG ratio of 1.19 and a beta of 0.79. 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 Ltd. has a 52-week low of $43.70 and a 52-week high of $60.87. The business's 50 day moving average is $53.25 and its two-hundred day moving average is $50.55.
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 firm had revenue of $4.67 billion during the quarter, compared to analysts' expectations of $5.16 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. Research analysts predict 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. Stockholders of record on Monday, June 30th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Monday, June 30th. Nutrien's dividend payout ratio is currently 203.74%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on NTR shares. Berenberg Bank boosted 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. Mizuho upped their price objective on Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Scotiabank cut Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective on the stock. in a report on Thursday. Barclays upped their price objective on Nutrien from $59.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Finally, BNP Paribas upgraded Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $61.44.
Read Our Latest Report 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.
See Also
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