Balyasny Asset Management L.P. lifted its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 93.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,995 shares of the company's stock after buying an additional 8,690 shares during the period. Balyasny Asset Management L.P.'s holdings in Nutrien were worth $805,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of NTR. Moody National Bank Trust Division increased its holdings in shares of Nutrien by 127.1% in the fourth quarter. Moody National Bank Trust Division now owns 13,698 shares of the company's stock worth $613,000 after buying an additional 7,665 shares during the period. FNY Investment Advisers LLC purchased a new position in Nutrien during the 4th quarter valued at about $111,000. 180 Wealth Advisors LLC increased its holdings in Nutrien by 7.1% during the 4th quarter. 180 Wealth Advisors LLC now owns 7,144 shares of the company's stock valued at $320,000 after purchasing an additional 471 shares during the period. Covea Finance increased its holdings in Nutrien by 21.9% during the 4th quarter. Covea Finance now owns 55,600 shares of the company's stock valued at $2,485,000 after purchasing an additional 10,000 shares during the period. Finally, Foundation Resource Management Inc. purchased a new position in Nutrien during the 4th quarter valued at about $7,744,000. Hedge funds and other institutional investors own 63.10% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on NTR. Royal Bank of Canada boosted their price target on Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Piper Sandler lifted their price objective on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Barclays lifted their price objective on Nutrien from $59.00 to $61.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. BNP Paribas raised Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, TD Securities lifted their price objective on Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Two 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $61.44.
Check Out Our Latest Stock Analysis on Nutrien
Nutrien Stock Up 1.3%
NYSE NTR traded up $0.77 during mid-day trading on Tuesday, reaching $58.75. The stock had a trading volume of 276,099 shares, compared to its average volume of 2,130,644. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The stock has a market cap of $28.68 billion, a PE ratio of 42.94, 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 $52.77 and a 200 day moving average price of $50.37. 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 (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). The company had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $5.16 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Nutrien's quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. On average, research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.
Nutrien Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be paid a $0.545 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a yield of 3.71%. Nutrien's payout ratio is presently 203.74%.
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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