DekaBank Deutsche Girozentrale lessened its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 20.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 423,950 shares of the company's stock after selling 111,033 shares during the period. DekaBank Deutsche Girozentrale owned 0.09% of Nutrien worth $20,838,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of NTR. Fairway Wealth LLC acquired a new stake in Nutrien during the 4th quarter valued at approximately $27,000. Assetmark Inc. raised its stake in Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after acquiring an additional 690 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Nutrien by 4,866.7% in the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after buying an additional 1,022 shares in the last quarter. Summit Securities Group LLC grew its holdings in shares of Nutrien by 225.0% in the 4th quarter. Summit Securities Group LLC now owns 1,300 shares of the company's stock worth $58,000 after acquiring an additional 900 shares during the last quarter. Finally, HM Payson & Co. purchased a new position in shares of Nutrien during the first quarter valued at $65,000. Hedge funds and other institutional investors own 63.10% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Scotiabank cut Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price target for the company. in a research report on Thursday, May 22nd. Berenberg Bank increased their price target on Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, April 15th. Wells Fargo & Company increased their price target on Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. BNP Paribas raised Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Oppenheimer raised 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Nutrien currently has an average rating of "Hold" and an average target price of $62.50.
View Our Latest Analysis on NTR
Nutrien Stock Performance
Shares of NTR traded down $0.39 during trading hours on Friday, reaching $60.42. 1,441,796 shares of the company traded hands, compared to its average volume of 2,185,343. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $65.08. 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 has a market capitalization of $29.43 billion, a P/E ratio of 56.47, a P/E/G ratio of 1.18 and a beta of 0.80. The business has a fifty day moving average price of $59.33 and a 200-day moving average price of $53.72.
Nutrien (NYSE:NTR - Get Free Report) last released 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 business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a return on equity of 6.08% and a net margin of 2.05%. Nutrien's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. Equities analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.
Nutrien Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders 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 yield of 3.61%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's payout ratio is currently 203.74%.
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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