Clearbridge Investments LLC lessened its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,051,148 shares of the company's stock after selling 23,095 shares during the quarter. Clearbridge Investments LLC owned about 0.21% of Nutrien worth $47,039,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Fairway Wealth LLC bought a new position in Nutrien in the 4th quarter worth $27,000. HHM Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 480 shares during the last quarter. Assetmark Inc. increased its stake in shares of Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after purchasing an additional 690 shares during the period. Asset Planning Inc acquired a new position in shares of Nutrien during the 4th quarter worth about $35,000. Finally, Exchange Traded Concepts LLC boosted its stake in Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 416 shares during the period. Institutional investors and hedge funds own 63.10% of the company's stock.
Analysts Set New Price Targets
NTR has been the subject of a number of research analyst reports. Barclays upped their price target on Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 5th. Oppenheimer began coverage on shares of Nutrien in a research note on Thursday, December 12th. They set an "outperform" rating and a $60.00 target price for the company. Wells Fargo & Company raised their price target on shares of Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $60.00 price objective on shares of Nutrien in a research report on Monday, February 24th. Finally, Scotiabank lifted their target price on Nutrien from $60.00 to $62.00 and gave the stock a "sector outperform" rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $60.00.
Read Our Latest Analysis on Nutrien
Nutrien Price Performance
NYSE:NTR traded down $3.27 during trading hours on Friday, reaching $47.44. The company had a trading volume of 5,469,154 shares, compared to its average volume of 2,036,364. The firm has a market capitalization of $23.19 billion, a PE ratio of 34.63, a PEG ratio of 1.19 and a beta of 0.77. The stock has a 50-day moving average of $51.30 and a two-hundred day moving average of $49.12. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87. 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 (NYSE:NTR - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $5.09 billion. Analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.
Nutrien Cuts Dividend
The company also recently announced 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 4.60%. The ex-dividend date is Monday, March 31st. Nutrien's dividend payout ratio (DPR) is currently 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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