Sphera Funds Management LTD. boosted its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 37.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,894 shares of the company's stock after acquiring an additional 15,164 shares during the period. Sphera Funds Management LTD.'s holdings in Nutrien were worth $2,501,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Private Capital Management LLC raised its holdings in shares of Nutrien by 5.9% in the fourth quarter. Private Capital Management LLC now owns 25,137 shares of the company's stock worth $1,125,000 after acquiring an additional 1,400 shares during the last quarter. Quantinno Capital Management LP increased its position in Nutrien by 908.9% during the 4th quarter. Quantinno Capital Management LP now owns 58,053 shares of the company's stock worth $2,597,000 after purchasing an additional 52,299 shares in the last quarter. Man Group plc raised its stake in Nutrien by 225.4% in the 4th quarter. Man Group plc now owns 367,440 shares of the company's stock valued at $16,440,000 after purchasing an additional 254,521 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Nutrien by 9.6% in the 4th quarter. Nuveen Asset Management LLC now owns 1,188,525 shares of the company's stock valued at $53,155,000 after purchasing an additional 103,768 shares in the last quarter. Finally, Numerai GP LLC lifted its holdings in Nutrien by 1.8% in the 4th quarter. Numerai GP LLC now owns 57,421 shares of the company's stock valued at $2,570,000 after purchasing an additional 1,035 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.
Nutrien Trading Up 0.8%
Shares of NTR stock 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. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. 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's 50 day simple moving average is $52.62 and its 200-day simple moving average is $50.30. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87.
Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate 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%. The business's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. On average, research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.
Nutrien Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio (DPR) is 203.74%.
Wall Street Analysts Forecast Growth
NTR has been the subject of a number of analyst reports. TD Securities boosted their price objective on shares of Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Berenberg Bank boosted their price target on Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, April 15th. The Goldman Sachs Group increased their price target on Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a research note on Friday, May 9th. 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. Finally, Piper Sandler increased their target price on Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Nutrien has an average rating of "Hold" and an average price target of $61.44.
Check Out Our Latest Stock Analysis on NTR
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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