Franklin Resources Inc. lifted its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 16.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 394,122 shares of the company's stock after buying an additional 54,481 shares during the period. Franklin Resources Inc. owned about 0.08% of Nutrien worth $17,620,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Colrain Capital LLC acquired a new position in shares of Nutrien in the fourth quarter valued at approximately $3,863,000. Summit Financial LLC acquired a new stake in Nutrien during the 4th quarter valued at approximately $4,189,000. Wellington Management Group LLP raised its holdings in Nutrien by 8.8% during the 4th quarter. Wellington Management Group LLP now owns 1,519,340 shares of the company's stock worth $67,949,000 after purchasing an additional 122,453 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Nutrien by 50.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 10,045 shares of the company's stock worth $480,000 after acquiring an additional 3,383 shares during the period. Finally, Summit Securities Group LLC boosted its holdings in shares of Nutrien by 225.0% during the 4th quarter. Summit Securities Group LLC now owns 1,300 shares of the company's stock worth $58,000 after buying an additional 900 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.
Nutrien Stock Performance
NTR traded up $2.73 during midday trading on Friday, reaching $51.05. The company had a trading volume of 2,557,390 shares, compared to its average volume of 2,069,438. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87. The business has a 50-day moving average price of $50.74 and a two-hundred day moving average price of $49.13. The stock has a market cap of $24.96 billion, a PE ratio of 37.26, a P/E/G 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.
Nutrien (NYSE:NTR - Get Free Report) last announced 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 the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. On average, sell-side analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.
Nutrien Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were paid a $0.545 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.27%. Nutrien's dividend payout ratio is 159.12%.
Wall Street Analysts Forecast Growth
NTR has been the topic of a number of research reports. BNP Paribas raised Nutrien to a "strong-buy" rating in a research note on Wednesday. Mizuho lifted their price target on shares of Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. UBS Group boosted their price target on shares of Nutrien from $53.00 to $54.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $60.00 price objective on shares of Nutrien in a report on Monday, February 24th. Finally, Wells Fargo & Company boosted their target price on shares of Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $60.00.
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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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