Capital International Inc. CA bought a new position in Nutrien Ltd. (NYSE:NTR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 340,173 shares of the company's stock, valued at approximately $15,221,000. Capital International Inc. CA owned 0.07% of Nutrien at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Uncommon Cents Investing LLC increased its stake in Nutrien by 2.1% during the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock valued at $517,000 after purchasing an additional 235 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Nutrien by 3.5% during the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock valued at $331,000 after buying an additional 247 shares in the last quarter. FFT Wealth Management LLC grew its position in shares of Nutrien by 0.9% in the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock valued at $1,330,000 after purchasing an additional 277 shares during the period. EverSource Wealth Advisors LLC increased its stake in Nutrien by 23.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock worth $81,000 after buying an additional 348 shares in the last quarter. Finally, PFG Investments LLC lifted its holdings in Nutrien by 2.0% in the 4th quarter. PFG Investments LLC now owns 20,097 shares of the company's stock valued at $899,000 after purchasing an additional 386 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
NTR has been the subject of several recent analyst reports. UBS Group cut their target price on Nutrien from $54.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Oppenheimer dropped their target price on Nutrien from $60.00 to $58.00 and set an "outperform" rating on the stock in a report on Tuesday. BNP Paribas upgraded shares of Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Wells Fargo & Company lifted their price target on Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Finally, Barclays lifted their price objective on shares of 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 assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $59.27.
Check Out Our Latest Stock Report on NTR
Nutrien Price Performance
Shares of NYSE NTR traded down $0.37 during trading on Wednesday, reaching $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 debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87. The stock has a market cap of $25.96 billion, a PE ratio of 38.76, a PEG ratio of 1.19 and a beta of 0.77. The business'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 data on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. Analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.
Nutrien Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Monday, March 31st. Nutrien's 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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