Covea Finance increased its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,100 shares of the company's stock after buying an additional 7,500 shares during the quarter. Covea Finance's holdings in Nutrien were worth $3,138,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of NTR. Fairway Wealth LLC bought a new position in Nutrien in the fourth quarter valued at about $27,000. Assetmark Inc. boosted its stake in shares of Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after purchasing an additional 690 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Nutrien by 138.1% during the 4th 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 increased its position in Nutrien by 4,866.7% during 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 in the last quarter. Finally, Lindbrook Capital LLC lifted its stake in Nutrien by 50.6% in the 4th 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. 63.10% of the stock is currently owned by institutional investors.
Nutrien Trading Down 1.5%
NTR traded down $0.90 during trading on Tuesday, reaching $59.43. 1,939,338 shares of the stock traded hands, compared to its average volume of 2,181,038. 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 stock's 50-day moving average is $57.86 and its 200 day moving average is $52.62. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $65.08. The stock has a market capitalization of $28.95 billion, a PE ratio of 55.54, a P/E/G ratio of 1.10 and a beta of 0.81.
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). Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The firm's revenue for the quarter was down 5.4% on a year-over-year basis. Equities analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.
Nutrien Announces Dividend
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 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio (DPR) is 203.74%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on NTR shares. Oppenheimer boosted their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Royal Bank Of Canada upped their target price on Nutrien from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Berenberg Bank lifted their price target on Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, April 15th. Barclays boosted their price target on Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Finally, CIBC raised their price objective on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $61.94.
Read Our Latest Stock Report on Nutrien
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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