Cohen & Steers Inc. reduced its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,415 shares of the company's stock after selling 10,504 shares during the quarter. Cohen & Steers Inc.'s holdings in Nutrien were worth $5,881,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Barclays PLC lifted its stake in Nutrien by 192.7% in the fourth quarter. Barclays PLC now owns 411,056 shares of the company's stock valued at $18,395,000 after acquiring an additional 854,543 shares during the last quarter. WealthTrust Axiom LLC lifted its stake in shares of Nutrien by 2.1% in the 4th quarter. WealthTrust Axiom LLC now owns 113,827 shares of the company's stock valued at $5,094,000 after purchasing an additional 2,301 shares during the last quarter. Kopernik Global Investors LLC bought a new stake in Nutrien in the fourth quarter worth $3,632,000. Zuckerman Investment Group LLC acquired a new position in Nutrien during the fourth quarter worth $176,000. Finally, Faithward Advisors LLC raised its holdings in Nutrien by 3.9% during the fourth quarter. Faithward Advisors LLC now owns 63,375 shares of the company's stock valued at $2,836,000 after buying an additional 2,351 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Barclays raised their target price 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. CIBC upped their target price on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research note on Tuesday, February 25th. Piper Sandler raised their price target on shares of Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Mizuho increased their target price on shares of Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $60.00 price target on shares of Nutrien in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Nutrien has an average rating of "Moderate Buy" and a consensus target price of $59.40.
Check Out Our Latest Report on Nutrien
Nutrien Price Performance
Nutrien stock traded down $0.77 on Friday, reaching $52.50. The company's stock had a trading volume of 2,808,612 shares, compared to its average volume of 2,079,247. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87. The company has a market cap of $25.66 billion, a price-to-earnings ratio of 38.32, a PEG ratio of 1.19 and a beta of 0.77. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The business's fifty day moving average price is $50.85 and its 200 day moving average price is $49.24.
Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data 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 net margin of 2.62% and a return on equity of 6.81%. The company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Equities analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.
Nutrien Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were given a dividend of $0.545 per share. The ex-dividend date was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.15%. Nutrien's payout ratio 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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