FMR LLC reduced its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,874,324 shares of the company's stock after selling 185,049 shares during the quarter. FMR LLC owned about 2.01% of Nutrien worth $441,850,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of Nutrien in the fourth quarter worth $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. lifted its position in Nutrien by 1,437.5% during 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 purchased a new position in shares of Nutrien in the 4th quarter worth $35,000. Finally, Exchange Traded Concepts LLC grew its position in Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after acquiring an additional 416 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.
Nutrien Trading Up 2.6 %
Shares of NYSE:NTR traded up $1.33 during midday trading on Monday, reaching $52.49. The company's stock had a trading volume of 1,250,457 shares, compared to its average volume of 2,065,407. The firm has a market cap of $25.66 billion, a price-to-earnings ratio of 38.31, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. The business has a 50 day moving average price of $50.74 and a 200 day moving average price of $49.13. Nutrien Ltd. has a 1 year low of $43.70 and a 1 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 quarterly earnings data on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $5.09 billion. Research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.
Nutrien Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were issued a dividend of $0.545 per share. The ex-dividend date of this dividend 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 159.12%.
Analyst Upgrades and Downgrades
NTR has been the topic of a number of analyst reports. 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. Barclays upped their target price on Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 5th. Wells Fargo & Company upped their target price on Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a report on Friday, February 21st. The Goldman Sachs Group began coverage on shares of Nutrien in a research note on Thursday, March 13th. They set a "sell" rating and a $53.00 price objective for the company. Finally, Piper Sandler upped their target price on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $60.00.
View Our Latest Research Report on NTR
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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