Contrarius Group Holdings Ltd bought a new position in Nutrien Ltd. (NYSE:NTR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 47,546 shares of the company's stock, valued at approximately $2,128,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in shares of Nutrien in the fourth quarter worth approximately $27,000. HHM Wealth Advisors LLC boosted its holdings in Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after buying an additional 480 shares during the period. Assetmark Inc. increased its stake in Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after buying an additional 690 shares in the last quarter. Asset Planning Inc bought a new stake in Nutrien during the fourth quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC lifted its position 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 acquiring an additional 416 shares in the last quarter. Institutional investors own 63.10% of the company's stock.
Nutrien Trading Up 0.2 %
NTR traded up $0.10 during trading on Monday, hitting $52.58. 1,444,854 shares of the stock were exchanged, compared to its average volume of 1,969,636. 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 firm has a 50 day simple moving average of $51.70 and a 200 day simple moving average of $48.89. The firm has a market cap of $25.72 billion, a price-to-earnings ratio of 38.38, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87.
Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) 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 business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. As a group, equities analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.
Nutrien Cuts Dividend
The firm also recently disclosed 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 yield of 4.15%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien's payout ratio is 159.12%.
Analyst Upgrades and Downgrades
NTR has been the subject of several research analyst reports. Oppenheimer assumed coverage on Nutrien in a research report on Thursday, December 12th. They set an "outperform" rating and a $60.00 target price for the company. JPMorgan Chase & Co. upgraded Nutrien from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $40.00 to $50.00 in a research report on Monday, January 13th. Barclays raised their price target on Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th. UBS Group upped their price objective on Nutrien from $53.00 to $54.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $60.00 target price on shares of Nutrien in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $60.13.
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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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