Barings LLC trimmed its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 15.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,607 shares of the company's stock after selling 23,939 shares during the quarter. Barings LLC's holdings in Nutrien were worth $5,845,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NTR. Wealth Enhancement Advisory Services LLC raised its position in shares of Nutrien by 6.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company's stock worth $207,000 after buying an additional 263 shares in the last quarter. US Bancorp DE raised its holdings in shares of Nutrien by 15.5% in the 3rd quarter. US Bancorp DE now owns 23,574 shares of the company's stock worth $1,133,000 after purchasing an additional 3,157 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Nutrien by 217.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,500 shares of the company's stock worth $168,000 after purchasing an additional 2,396 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Nutrien by 25.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 97,635 shares of the company's stock worth $4,692,000 after purchasing an additional 19,984 shares in the last quarter. Finally, Townsend & Associates Inc raised its holdings in shares of Nutrien by 97.5% in the 3rd quarter. Townsend & Associates Inc now owns 562,846 shares of the company's stock worth $26,887,000 after purchasing an additional 277,875 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
NTR has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a report on Friday, February 21st. Scotiabank boosted their price target on shares of Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a report on Monday, February 24th. Raymond James upgraded shares of Nutrien from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. TD Securities cut their price target on shares of Nutrien from $63.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Finally, Barclays boosted their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $60.13.
Read Our Latest Analysis on Nutrien
Nutrien Stock Down 0.2 %
NTR stock traded down $0.12 during trading hours on Friday, hitting $51.03. The company's stock had a trading volume of 2,899,943 shares, compared to its average volume of 1,985,228. The stock has a 50 day moving average price of $50.71 and a two-hundred day moving average price of $48.59. 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 12 month low of $43.70 and a 12 month high of $60.87. The company has a market capitalization of $24.96 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81.
Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. On average, equities research 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 will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien's dividend payout ratio is 159.12%.
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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