Commonwealth Equity Services LLC increased its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 26.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,758 shares of the company's stock after purchasing an additional 28,315 shares during the quarter. Commonwealth Equity Services LLC's holdings in Nutrien were worth $6,030,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NTR. Fairway Wealth LLC acquired a new position in shares of Nutrien during the fourth quarter valued at approximately $27,000. HHM Wealth Advisors LLC increased its position in shares of Nutrien by 331.0% during the 4th 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 period. Assetmark Inc. increased its position in shares of Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after purchasing an additional 690 shares during the period. Asset Planning Inc bought a new stake in shares of Nutrien in the 4th quarter worth $35,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after buying an additional 416 shares during the period. Institutional investors own 63.10% of the company's stock.
Nutrien Stock Up 0.7 %
NYSE:NTR traded up $0.34 during trading hours on Wednesday, reaching $50.48. 2,013,137 shares of the stock were exchanged, compared to its average volume of 1,978,807. 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 Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87. The stock has a market cap of $24.70 billion, a PE ratio of 36.85, a PEG ratio of 1.19 and a beta of 0.81. The firm has a 50 day moving average of $51.67 and a 200 day moving average of $48.91.
Nutrien (NYSE:NTR - Get Free Report) last released 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). The firm 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%. On average, equities analysts expect 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 given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien's payout ratio is presently 159.12%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on NTR. UBS Group boosted their price target on shares of Nutrien from $53.00 to $54.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Scotiabank raised their target price on shares of Nutrien from $60.00 to $62.00 and gave the stock a "sector outperform" rating in a report on Monday, February 24th. CIBC lifted their price target on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research report on Tuesday, February 25th. Oppenheimer started coverage on Nutrien in a report on Thursday, December 12th. They set an "outperform" rating and a $60.00 target price for the company. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $60.00 price objective on shares of Nutrien 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 nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $60.13.
Check Out Our Latest Analysis on Nutrien
About Nutrien
(
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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