Two Sigma Advisers LP lifted its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 211.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,317 shares of the company's stock after purchasing an additional 45,700 shares during the quarter. Two Sigma Advisers LP's holdings in Nutrien were worth $3,012,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Nutrien by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company's stock worth $885,009,000 after acquiring an additional 325,210 shares in the last quarter. Dodge & Cox boosted its stake in 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 purchasing an additional 40,800 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Nutrien by 0.8% in the fourth quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company's stock valued at $426,436,000 after purchasing an additional 77,174 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Nutrien by 11.3% during the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock worth $317,951,000 after buying an additional 721,935 shares during the period. Finally, ARGA Investment Management LP grew its holdings in shares of Nutrien by 25.7% during the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company's stock worth $270,396,000 after buying an additional 1,236,671 shares in the last quarter. Institutional investors own 63.10% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on NTR. CIBC lifted their target price on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research report on Tuesday, February 25th. Oppenheimer boosted their price objective on shares of Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Barclays increased 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. Mizuho lifted their price target on shares of Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Finally, 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 research note on Monday, May 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $61.44.
Read Our Latest Stock Analysis on NTR
Nutrien Stock Performance
Shares of NYSE NTR traded up $0.27 during mid-day trading on Friday, reaching $59.05. 2,553,457 shares of the company were exchanged, compared to its average volume of 2,156,670. The stock has a market capitalization of $28.83 billion, a P/E ratio of 43.10, a P/E/G ratio of 1.19 and a beta of 0.79. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.50. The company's 50-day simple moving average is $54.14 and its 200-day simple moving average is $51.05.
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 analysts' consensus estimates of $0.35 by ($0.24). The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $5.16 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The company's revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. As a group, research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.
Nutrien Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors 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 3.69%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend 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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