Two Sigma Investments LP boosted its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 45.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 301,505 shares of the company's stock after purchasing an additional 94,554 shares during the period. Two Sigma Investments LP owned about 0.06% of Nutrien worth $13,492,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Nutrien by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,886,376 shares of the company's stock valued at $84,367,000 after purchasing an additional 144,025 shares in the last quarter. Van ECK Associates Corp lifted its stake in Nutrien by 5.7% in the fourth quarter. Van ECK Associates Corp now owns 1,480,870 shares of the company's stock valued at $66,264,000 after acquiring an additional 80,382 shares during the last quarter. Secured Retirement Advisors LLC acquired a new stake in Nutrien in the fourth quarter valued at approximately $654,000. Abel Hall LLC acquired a new stake in Nutrien in the fourth quarter valued at approximately $276,000. Finally, Hedges Asset Management LLC acquired a new stake in Nutrien in the fourth quarter valued at approximately $470,000. 63.10% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have recently weighed in on NTR shares. Bank of America boosted their price objective on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Royal Bank of Canada boosted their price objective on shares of Nutrien from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. UBS Group boosted their price objective on shares of Nutrien from $52.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Mizuho boosted their price objective on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Finally, TD Securities boosted their price objective on shares of Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $61.44.
Check Out Our Latest Analysis on Nutrien
Nutrien Stock Performance
NYSE:NTR traded down $0.51 during trading hours on Thursday, hitting $59.05. 413,454 shares of the company traded hands, compared to its average volume of 2,141,176. The stock has a market capitalization of $28.83 billion, a price-to-earnings ratio of 43.15, a P/E/G ratio of 1.19 and a beta of 0.79. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.50. The firm has a 50-day moving average of $53.84 and a 200 day moving average of $50.83. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.
Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly 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). 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 quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. On average, analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.
Nutrien Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.69%. The ex-dividend date is Monday, June 30th. Nutrien's dividend payout ratio (DPR) is presently 203.74%.
Nutrien Profile
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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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