Scotia Capital Inc. trimmed its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,446,172 shares of the company's stock after selling 54,513 shares during the quarter. Scotia Capital Inc. owned about 0.30% of Nutrien worth $71,737,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Harbour Investments Inc. raised its stake in Nutrien by 94.8% during the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company's stock valued at $35,000 after purchasing an additional 348 shares during the last quarter. Allworth Financial LP raised its stake in Nutrien by 117.1% during the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock valued at $50,000 after purchasing an additional 506 shares during the last quarter. GAMMA Investing LLC raised its stake in Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after purchasing an additional 1,022 shares during the last quarter. HM Payson & Co. acquired a new position in Nutrien during the 1st quarter valued at $65,000. Finally, Banque Cantonale Vaudoise acquired a new position in Nutrien during the 1st quarter valued at $77,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts recently commented on NTR shares. TD Securities upped their target price on shares of Nutrien from $67.00 to $70.00 and gave the company a "buy" rating in a research note on Friday. Wells Fargo & Company increased their price objective on shares of Nutrien from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. 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. Barclays increased their price objective on shares of Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Finally, Morgan Stanley increased their price objective on shares of Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $63.39.
Get Our Latest Stock Report on Nutrien
Nutrien Stock Performance
Shares of NTR opened at $58.62 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08. The firm's 50 day moving average price is $60.10 and its two-hundred day moving average price is $55.18. The firm has a market cap of $28.54 billion, a P/E ratio of 54.78, a PEG ratio of 1.07 and a beta of 0.81.
Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a net margin of 2.05% and a return on equity of 6.08%. Nutrien's revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share. On average, analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.
Nutrien Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, June 30th. Nutrien's payout ratio is presently 203.74%.
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.
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