Clearbridge Investments LLC cut its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,051,148 shares of the company's stock after selling 23,095 shares during the period. Clearbridge Investments LLC owned about 0.21% of Nutrien worth $47,039,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Fairway Wealth LLC purchased a new position in shares of Nutrien in the 4th quarter valued at about $27,000. HHM Wealth Advisors LLC boosted its holdings 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 purchasing an additional 480 shares in the last quarter. Assetmark Inc. increased its stake in Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after purchasing an additional 690 shares during the last quarter. Asset Planning Inc acquired a new stake in Nutrien during the fourth quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after buying an additional 416 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on NTR. Royal Bank of Canada reiterated an "outperform" rating and set a $60.00 price target on shares of Nutrien in a research note on Monday, February 24th. The Goldman Sachs Group started coverage on Nutrien in a report on Thursday, March 13th. They issued a "sell" rating and a $53.00 target price for the company. Wells Fargo & Company raised their price target on Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Mizuho lifted their price target on Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Finally, Piper Sandler increased their price objective on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $60.00.
Check Out Our Latest Stock Report on NTR
Nutrien Price Performance
Shares of NYSE NTR traded up $0.73 during trading on Thursday, reaching $50.68. The company had a trading volume of 3,410,210 shares, compared to its average volume of 2,024,844. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87. The stock has a 50-day moving average price of $51.41 and a two-hundred day moving average price of $49.08. The stock has a market capitalization of $24.77 billion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77.
Nutrien (NYSE:NTR - Get Free Report) last announced 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). The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, sell-side analysts predict 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 issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien's dividend payout ratio (DPR) 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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