Hudson Bay Capital Management LP Has $2.69 Million Stock Position in Nutrien Ltd. (NYSE:NTR)

Hudson Bay Capital Management LP raised its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 9.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 60,000 shares of the company's stock after buying an additional 5,000 shares during the quarter. Hudson Bay Capital Management LP's holdings in Nutrien were worth $2,685,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in shares of Nutrien during the fourth quarter valued at about $27,000. HHM Wealth Advisors LLC lifted its position in shares of Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after acquiring an additional 480 shares in the last quarter. Assetmark Inc. increased its stake in shares of Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after purchasing an additional 690 shares during the period. Asset Planning Inc acquired a new stake in Nutrien in the 4th quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC increased its position in Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after buying an additional 416 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NTR shares. Royal Bank of Canada increased their price objective on Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday. CIBC increased their price objective on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research report on Tuesday, February 25th. Oppenheimer increased their price objective on Nutrien from $58.00 to $63.00 and gave the company an "outperform" rating in a research report on Tuesday. Scotiabank reissued a "sector perform" rating and issued a $62.00 price objective on shares of Nutrien in a research report on Wednesday. Finally, Berenberg Bank increased their price objective on Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $61.44.

Nutrien Price Performance

Shares of NYSE:NTR traded up $0.46 during midday trading on Friday, reaching $57.92. The company's stock had a trading volume of 1,752,913 shares, compared to its average volume of 2,136,522. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87. The company has a market capitalization of $28.28 billion, a P/E ratio of 42.28, a P/E/G ratio of 1.19 and a beta of 0.79. 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 business's fifty day simple moving average is $52.49 and its 200-day simple moving average is $50.20.

Nutrien (NYSE:NTR - Get Free Report) last announced its 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). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same quarter last year, the business posted $0.46 earnings per share. The business's quarterly revenue was down 5.4% compared to the same quarter last year. As a group, equities research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio is 203.74%.

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.