Minot DeBlois Advisors LLC bought a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,933 shares of the company's stock, valued at approximately $400,000.
Other hedge funds also recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in shares of Nutrien during the fourth quarter worth $27,000. HHM Wealth Advisors LLC raised its holdings 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 acquiring an additional 480 shares in the last quarter. Assetmark Inc. raised its holdings 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 acquiring an additional 690 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of Nutrien during the fourth quarter worth $35,000. Finally, Exchange Traded Concepts LLC raised its holdings 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 acquiring an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.
Nutrien Price Performance
NTR traded up $0.46 during midday trading on Friday, reaching $57.92. 1,752,913 shares of the company's stock were exchanged, compared to its average volume of 2,141,606. The firm 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 quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87. The business has a 50-day simple moving average of $52.62 and a two-hundred day simple moving average of $50.29.
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 return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the prior year, the business earned $0.46 EPS. The firm's revenue for the quarter was down 5.4% on a year-over-year basis. As a group, research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.
Nutrien Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Monday, June 30th. Nutrien's dividend payout ratio (DPR) is currently 203.74%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on NTR shares. Barclays raised their target price on Nutrien from $59.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday. Wells Fargo & Company raised their target price on Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. TD Securities raised their target price on Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a report on Monday, May 12th. Bank of America raised their target price on Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Royal Bank of Canada raised their target price on Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a report 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 stock. According to data from MarketBeat, Nutrien presently has a consensus rating of "Hold" and a consensus target price of $61.44.
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About Nutrien
(
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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