Hudson Bay Capital Management LP Purchases 5,000 Shares of Nutrien Ltd. (NYSE:NTR)

Hudson Bay Capital Management LP increased its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,000 shares of the company's stock after purchasing an additional 5,000 shares during the quarter. Hudson Bay Capital Management LP's holdings in Nutrien were worth $2,685,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Fairway Wealth LLC bought a new position in shares of Nutrien during the fourth quarter worth $27,000. HHM Wealth Advisors LLC boosted its position in shares of 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 purchasing an additional 480 shares in the last quarter. Assetmark Inc. boosted its position in shares of Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after purchasing an additional 690 shares in the last quarter. Asset Planning Inc bought a new position in shares of Nutrien during the fourth quarter worth $35,000. Finally, Exchange Traded Concepts LLC boosted its position in shares of Nutrien by 96.7% during the fourth 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 owned by institutional investors.

Nutrien Stock Performance

Shares of Nutrien stock traded up $0.46 during trading on Friday, hitting $57.92. 1,752,913 shares of the stock were exchanged, compared to its average volume of 2,141,606. The stock has a market capitalization of $28.28 billion, a price-to-earnings ratio of 42.28, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79. The company has a fifty day moving average price of $52.62 and a 200-day moving average price of $50.30. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. 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 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $5.16 billion. During the same quarter last year, the company posted $0.46 EPS. The firm's quarterly revenue was down 5.4% on a year-over-year basis. As a group, equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

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 paid a $0.545 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a yield of 3.76%. Nutrien's dividend payout ratio (DPR) is currently 203.74%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NTR. BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Barclays lifted their price target on shares of Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Oppenheimer boosted their price objective on shares of Nutrien from $58.00 to $63.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Wells Fargo & Company boosted their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, Piper Sandler boosted their price objective on shares of Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $61.44.

Nutrien Profile

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.