Glenorchy Capital Ltd Purchases Shares of 30,210 Nutrien Ltd. (NYSE:NTR)

Glenorchy Capital Ltd purchased a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 30,210 shares of the company's stock, valued at approximately $1,702,000. Nutrien comprises approximately 0.7% of Glenorchy Capital Ltd's portfolio, making the stock its 29th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new stake in Nutrien during the third quarter worth about $27,000. Legacy Financial Group LLC acquired a new stake in Nutrien during the third quarter worth about $28,000. Exchange Traded Concepts LLC boosted its stake in shares of Nutrien by 904.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company's stock valued at $42,000 after purchasing an additional 678 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Nutrien in the 4th quarter valued at approximately $57,000. Finally, NBC Securities Inc. acquired a new stake in shares of Nutrien in the 3rd quarter valued at approximately $58,000. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Trading Down 0.1 %

Shares of NYSE:NTR traded down $0.03 during trading on Tuesday, reaching $52.27. 1,439,120 shares of the company traded hands, compared to its average volume of 2,013,353. The firm has a market capitalization of $25.85 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 1.97 and a beta of 0.89. Nutrien Ltd. has a 52-week low of $47.90 and a 52-week high of $71.54. The company has a current ratio of 1.17, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The business's fifty day moving average is $53.10 and its 200-day moving average is $54.17.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.35). The company had revenue of $5.66 billion for the quarter, compared to analysts' expectations of $5.36 billion. Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The business's revenue for the quarter was down 24.8% compared to the same quarter last year. During the same period last year, the company posted $2.02 EPS. As a group, analysts forecast that Nutrien Ltd. will post 3.82 EPS for the current year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a $0.54 dividend. This is a positive change from Nutrien's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a yield of 4.13%. Nutrien's dividend payout ratio (DPR) is presently 85.38%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NTR. Wells Fargo & Company decreased their price target on shares of Nutrien from $77.00 to $69.00 and set an "overweight" rating for the company in a research note on Monday, February 26th. HSBC cut their price target on shares of Nutrien from $63.00 to $57.00 and set a "hold" rating on the stock in a report on Friday, March 8th. TD Securities cut their price target on shares of Nutrien from $75.00 to $67.00 and set a "buy" rating on the stock in a report on Tuesday, February 20th. Raymond James downgraded shares of Nutrien from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $80.00 to $65.00 in a report on Friday, January 12th. Finally, Jefferies Financial Group started coverage on shares of Nutrien in a report on Tuesday, March 26th. They issued a "buy" rating and a $62.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $67.95.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.