Lighthouse Investment Partners LLC Purchases Shares of 30,000 Nutrien Ltd. (NYSE:NTR)

Lighthouse Investment Partners LLC acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 30,000 shares of the company's stock, valued at approximately $1,342,000.

Other hedge funds have also bought and sold shares of the company. Fairway Wealth LLC bought a new position in Nutrien during the fourth quarter valued at $27,000. HHM Wealth Advisors LLC increased its position in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after acquiring an additional 480 shares during the last quarter. Assetmark Inc. increased its position in Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after acquiring an additional 690 shares during the last quarter. Asset Planning Inc bought a new position in Nutrien during the fourth quarter valued at $35,000. Finally, Exchange Traded Concepts LLC increased its position in Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after acquiring an additional 416 shares during the last quarter. Institutional investors own 63.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on NTR. BNP Paribas upgraded shares of Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. Scotiabank restated a "sector perform" rating and issued a $62.00 price target on shares of Nutrien in a report on Wednesday. Wells Fargo & Company upped their price target on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. TD Securities upped their price target on shares of Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Finally, Barclays upped their price target on shares of Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Nutrien has a consensus rating of "Hold" and a consensus target price of $61.44.

Nutrien Stock Up 0.8%

NYSE:NTR traded up $0.46 during mid-day 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 2,141,606. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The stock has a fifty day moving average of $52.62 and a 200-day moving average of $50.29. The firm has a market capitalization of $28.28 billion, a PE ratio of 42.28, a price-to-earnings-growth 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 (NYSE:NTR - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $4.67 billion during the quarter, compared to analysts' expectations of $5.16 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The firm's revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. Equities research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Monday, June 30th. Nutrien's payout ratio is 203.74%.

Nutrien Company 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.