Charles Schwab Investment Management Inc. grew its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,886,376 shares of the company's stock after purchasing an additional 144,025 shares during the period. Charles Schwab Investment Management Inc. owned about 0.38% of Nutrien worth $84,367,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. HHM Wealth Advisors LLC lifted its stake in Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after acquiring an additional 480 shares during the last quarter. Asset Planning Inc bought a new stake in shares of Nutrien during the 4th quarter valued at $35,000. Exchange Traded Concepts LLC raised its position in shares of Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after buying an additional 416 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of Nutrien by 138.1% in the 4th quarter. Principal Securities Inc. now owns 931 shares of the company's stock valued at $42,000 after purchasing an additional 540 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Nutrien in the fourth quarter valued at about $67,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.
Nutrien Price Performance
NYSE:NTR traded down $0.40 during trading hours on Wednesday, hitting $50.78. The stock had a trading volume of 675,646 shares, compared to its average volume of 1,988,087. The firm has a market capitalization of $24.84 billion, a price-to-earnings ratio of 37.04, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87. The company has a 50 day simple moving average of $50.96 and a two-hundred day simple moving average of $48.63. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.
Nutrien (NYSE:NTR - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). The business had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. Research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.
Nutrien Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Monday, March 31st. Nutrien's dividend payout ratio is currently 159.12%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Royal Bank of Canada restated an "outperform" rating and set a $60.00 price objective on shares of Nutrien in a research report on Monday, February 24th. Scotiabank boosted their target price on Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a research report on Monday, February 24th. TD Securities decreased their price objective on Nutrien from $63.00 to $61.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. Barclays boosted their target price on Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 5th. Finally, Mizuho lifted their price objective on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $60.13.
Get Our Latest Analysis 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.
Read More
Before you consider Nutrien, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nutrien wasn't on the list.
While Nutrien currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
