Gateway Investment Advisers LLC increased its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 344.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,043 shares of the company's stock after acquiring an additional 29,484 shares during the quarter. Gateway Investment Advisers LLC's holdings in Nutrien were worth $1,702,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of NTR. American Century Companies Inc. grew its stake in Nutrien by 3.7% during the second quarter. American Century Companies Inc. now owns 304,273 shares of the company's stock valued at $15,491,000 after acquiring an additional 10,911 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Nutrien by 8.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 4,660 shares of the company's stock worth $237,000 after acquiring an additional 356 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Nutrien by 37.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,427 shares of the company's stock worth $679,000 after acquiring an additional 3,645 shares in the last quarter. Seven Eight Capital LP increased its stake in Nutrien by 54.0% in the second quarter. Seven Eight Capital LP now owns 7,791 shares of the company's stock valued at $397,000 after acquiring an additional 2,733 shares during the last quarter. Finally, Promethos Capital LLC raised its position in Nutrien by 14.8% during the second quarter. Promethos Capital LLC now owns 145,468 shares of the company's stock valued at $7,462,000 after purchasing an additional 18,714 shares in the last quarter. Institutional investors own 63.10% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on NTR. JPMorgan Chase & Co. upgraded shares of Nutrien from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $40.00 to $50.00 in a report on Monday, January 13th. Oppenheimer assumed coverage on shares of Nutrien in a research report on Thursday, December 12th. They issued an "outperform" rating and a $60.00 target price for the company. TD Securities reduced their price target on shares of Nutrien from $63.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. CIBC reissued an "outperformer" rating and issued a $55.00 price target (down from $60.00) on shares of Nutrien in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company cut Nutrien from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $62.00 to $50.00 in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Nutrien presently has an average rating of "Moderate Buy" and an average price target of $59.21.
Check Out Our Latest Stock Report on Nutrien
Nutrien Stock Performance
NTR traded up $0.09 during trading on Friday, hitting $51.59. The stock had a trading volume of 1,444,043 shares, compared to its average volume of 1,733,876. 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 company's 50-day moving average price is $47.07 and its 200 day moving average price is $47.91. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $60.87. The firm has a market capitalization of $25.40 billion, a P/E ratio of 34.62, a PEG ratio of 1.11 and a beta of 0.81.
Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. Nutrien's quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 EPS. On average, equities research analysts forecast that Nutrien Ltd. will post 3.5 EPS for the current fiscal year.
Nutrien Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a $0.939 dividend. This is a boost from Nutrien's previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, December 31st. This represents a $3.76 annualized dividend and a dividend yield of 7.28%. Nutrien's payout ratio is 144.97%.
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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