MYDA Advisors LLC bought a new position in Nutrien Ltd. (NYSE:NTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,000 shares of the company's stock, valued at approximately $1,208,000.
A number of other hedge funds have also made changes to their positions in the company. Fairway Wealth LLC bought a new stake in Nutrien during the fourth quarter worth about $27,000. HHM Wealth Advisors LLC grew its position in Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after acquiring an additional 480 shares during the last quarter. Assetmark Inc. increased its holdings in Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after purchasing an additional 690 shares in the last quarter. Asset Planning Inc bought a new position in Nutrien in the 4th quarter valued at $35,000. Finally, Exchange Traded Concepts LLC boosted its stake in Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after purchasing an additional 416 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.
Nutrien Stock Down 0.7 %
NTR traded down $0.37 during trading on Wednesday, hitting $53.10. The company had a trading volume of 2,302,806 shares, compared to its average volume of 2,087,352. The company has a market capitalization of $25.96 billion, a PE ratio of 38.76, a PEG ratio of 1.19 and a beta of 0.77. 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 firm's 50-day moving average price is $50.97 and its 200 day moving average price is $49.30.
Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, equities analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.
Nutrien Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were issued a $0.545 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.11%. Nutrien's dividend payout ratio (DPR) is presently 159.12%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Scotiabank lifted their price target on Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a report on Monday, February 24th. Berenberg Bank upped their target price on shares of Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, April 15th. Royal Bank of Canada reissued an "outperform" rating and issued a $60.00 price target on shares of Nutrien in a report on Monday, February 24th. JPMorgan Chase & Co. raised Nutrien from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $40.00 to $50.00 in a report on Monday, January 13th. Finally, Barclays lifted their target price on Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.27.
View Our Latest Stock Report on Nutrien
Nutrien Company 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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