DekaBank Deutsche Girozentrale reduced its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 20.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 423,950 shares of the company's stock after selling 111,033 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.09% of Nutrien worth $20,838,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Tidal Investments LLC grew its stake in Nutrien by 2.9% during the 4th quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock worth $459,000 after buying an additional 293 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Nutrien by 23.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock worth $81,000 after buying an additional 348 shares during the last quarter. PKO Investment Management Joint Stock Co grew its stake in Nutrien by 2.5% during the 1st quarter. PKO Investment Management Joint Stock Co now owns 16,296 shares of the company's stock worth $811,000 after buying an additional 400 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Nutrien by 11.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,736 shares of the company's stock valued at $212,000 after purchasing an additional 477 shares during the last quarter. Finally, Fairway Wealth LLC purchased a new position in shares of Nutrien in the 4th quarter valued at approximately $27,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.
Nutrien Trading Down 2.1%
Shares of NTR traded down $1.30 during mid-day trading on Thursday, hitting $60.81. The company had a trading volume of 1,847,841 shares, compared to its average volume of 2,191,114. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year 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 business's 50-day simple moving average is $59.24 and its 200-day simple moving average is $53.61. The stock has a market cap of $29.62 billion, a PE ratio of 56.83, a P/E/G ratio of 1.17 and a beta of 0.80.
Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The firm had revenue of $4.67 billion during the quarter, compared to analysts' expectations of $5.16 billion. During the same quarter last year, the business earned $0.46 earnings per share. The business's revenue for the quarter was down 5.4% compared to the same quarter last year. Sell-side analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.
Nutrien Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 annualized dividend and a dividend yield of 3.58%. Nutrien's dividend payout ratio is presently 203.74%.
Wall Street Analyst Weigh In
NTR has been the topic of several research reports. Scotiabank downgraded Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 target price on the stock. in a research report on Thursday, May 22nd. The Goldman Sachs Group increased their price objective on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a report on Friday, May 9th. TD Securities lifted 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. Barclays increased their price target on shares of Nutrien from $61.00 to $64.00 and gave the stock an "equal weight" rating in a report on Monday. Finally, Raymond James Financial cut shares of Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price objective for the company. in a research note on Tuesday, June 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $62.29.
View Our Latest Stock Analysis on NTR
Nutrien 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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