Shufro Rose & Co. LLC trimmed its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 37.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,424 shares of the company's stock after selling 27,051 shares during the period. Shufro Rose & Co. LLC's holdings in Nutrien were worth $1,988,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of NTR. Fairway Wealth LLC purchased a new stake in shares of Nutrien during the 4th quarter valued at about $27,000. HHM Wealth Advisors LLC grew its holdings in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after acquiring an additional 480 shares during the period. Assetmark Inc. grew 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 worth $33,000 after purchasing an additional 690 shares during the last quarter. Asset Planning Inc purchased a new position in shares of Nutrien in the fourth quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after purchasing an additional 416 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.
Nutrien Stock Performance
Shares of NTR traded up $0.05 during mid-day trading on Friday, hitting $58.83. The stock had a trading volume of 911,072 shares, compared to its average volume of 2,144,368. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.50. The business has a fifty day moving average price of $53.96 and a 200-day moving average price of $50.90. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The firm has a market cap of $28.72 billion, a P/E ratio of 42.95, a PEG ratio of 1.19 and a beta of 0.79.
Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The company 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 firm earned $0.46 earnings per share. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.
Nutrien Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio (DPR) is presently 203.74%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on NTR. The Goldman Sachs Group raised their price objective on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a research note on Friday, May 9th. CIBC lifted their price target on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research report on Tuesday, February 25th. BNP Paribas upgraded shares of Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. Berenberg Bank increased their price target on shares of Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, April 15th. Finally, Oppenheimer increased their target price on shares of Nutrien from $58.00 to $63.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Nutrien presently has a consensus rating of "Hold" and an average target price of $61.44.
Read Our Latest Stock Analysis on NTR
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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