Townsend & Associates Inc grew its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 16.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 677,250 shares of the company's stock after buying an additional 94,773 shares during the period. Nutrien makes up 3.7% of Townsend & Associates Inc's investment portfolio, making the stock its 9th biggest holding. Townsend & Associates Inc owned about 0.14% of Nutrien worth $35,596,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in NTR. Vanguard Group Inc. boosted its position in shares of Nutrien by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company's stock valued at $885,009,000 after acquiring an additional 325,210 shares in the last quarter. Dodge & Cox raised its holdings in shares of Nutrien by 0.3% in the 4th quarter. Dodge & Cox now owns 12,523,259 shares of the company's stock worth $560,416,000 after buying an additional 40,800 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Nutrien by 0.8% during the 4th quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company's stock worth $426,436,000 after buying an additional 77,174 shares during the period. Deutsche Bank AG boosted its stake in Nutrien by 11.3% in the 4th quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock valued at $317,951,000 after buying an additional 721,935 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Nutrien by 1.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 5,627,597 shares of the company's stock worth $252,108,000 after acquiring an additional 76,085 shares in the last quarter. Institutional investors own 63.10% of the company's stock.
Nutrien Trading Up 0.7%
NTR traded up $0.44 during midday trading on Thursday, reaching $60.43. 1,143,524 shares of the company were exchanged, compared to its average volume of 2,196,264. The stock has a market capitalization of $29.43 billion, a P/E ratio of 56.47, a PEG ratio of 1.11 and a beta of 0.80. Nutrien Ltd. has a one year low of $43.70 and a one year high of $65.08. The stock's 50-day simple moving average is $58.68 and its 200 day simple moving average is $53.07. 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 (NYSE:NTR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). The firm 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%. The business's revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. As a group, analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal 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 given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio is currently 203.74%.
Wall Street Analysts Forecast Growth
NTR has been the topic of several analyst reports. Barclays upped their target price on shares of Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. The Goldman Sachs Group raised their target price on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a research note on Friday, May 9th. Bank of America lifted their price target on Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Wells Fargo & Company increased their price objective on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Berenberg Bank boosted their target price on shares of Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $62.12.
Check Out Our Latest Research Report on Nutrien
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.
Further Reading
Before you consider Nutrien, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nutrien wasn't on the list.
While Nutrien currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
