Janus Henderson Group PLC trimmed its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 277,981 shares of the company's stock after selling 6,764 shares during the period. Janus Henderson Group PLC owned about 0.06% of Nutrien worth $12,424,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Nutrien by 8.3% in 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 buying an additional 144,025 shares during the period. Van ECK Associates Corp boosted its holdings 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 during the 4th quarter valued at approximately $654,000. Abel Hall LLC bought a new position in Nutrien during the 4th quarter worth approximately $276,000. Finally, Hedges Asset Management LLC bought a new position in Nutrien during the 4th quarter worth approximately $470,000. 63.10% of the stock is owned by institutional investors.
Nutrien Stock Down 1.2%
Shares of NYSE NTR traded down $0.72 during mid-day trading on Thursday, reaching $58.97. 450,846 shares of the company's stock traded hands, compared to its average volume of 2,403,450. The stock has a market cap of $28.79 billion, a P/E ratio of 43.03, a PEG 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. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $60.87. The business has a 50-day simple moving average of $53.12 and a 200 day simple moving average of $50.49.
Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter last year, the business posted $0.46 earnings per share. Nutrien's revenue was down 5.4% on a year-over-year basis. On average, analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.
Nutrien Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders 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 yield of 3.70%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's payout ratio is 203.74%.
Analyst Ratings Changes
NTR has been the subject of a number of analyst reports. Oppenheimer lifted their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Barclays lifted their price objective on Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. CIBC boosted their price objective on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research note on Tuesday, February 25th. Mizuho raised their target price on Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group lifted their target price on Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a report on Friday, May 9th. Two equities 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. According to data from MarketBeat, Nutrien currently has a consensus rating of "Hold" and an average target price of $61.44.
Get Our Latest Stock Analysis on NTR
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.
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