Quantinno Capital Management LP Has $2.60 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Quantinno Capital Management LP lifted its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 908.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,053 shares of the company's stock after buying an additional 52,299 shares during the quarter. Quantinno Capital Management LP's holdings in Nutrien were worth $2,597,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in shares of Nutrien in the 4th quarter valued at $27,000. HHM Wealth Advisors LLC boosted its holdings in Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after acquiring an additional 480 shares during the last quarter. 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 acquiring an additional 690 shares during the last quarter. Asset Planning Inc purchased a new stake in Nutrien during the fourth quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC increased its stake in Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after acquiring an additional 416 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NTR shares. Bank of America increased their price objective on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Barclays increased their price target on Nutrien from $59.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Oppenheimer boosted their price objective on Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Scotiabank lowered Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 target price for the company. in a research note on Thursday. Finally, Piper Sandler boosted their price target on Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $61.44.

Nutrien Stock Performance

NYSE NTR traded up $0.78 during trading hours on Monday, hitting $59.67. The company had a trading volume of 1,544,142 shares, compared to its average volume of 2,147,810. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The firm has a market cap of $29.13 billion, a P/E ratio of 43.55, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $59.83. The business has a fifty day simple moving average of $53.40 and a 200-day simple moving average of $50.63.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly 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). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter last year, the firm posted $0.46 EPS. The company's revenue was down 5.4% compared to the same quarter last year. Equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The company 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 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio is 203.74%.

Nutrien Profile

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.