Grantham Mayo Van Otterloo & Co. LLC decreased its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 916,561 shares of the company's stock after selling 8,579 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.19% of Nutrien worth $41,010,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the stock. Uncommon Cents Investing LLC boosted its stake in Nutrien by 2.1% during the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock worth $517,000 after buying an additional 235 shares during the period. Rhumbline Advisers grew its holdings in Nutrien by 3.5% during the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock valued at $331,000 after purchasing an additional 247 shares during the last quarter. FFT Wealth Management LLC lifted its stake in Nutrien by 0.9% in the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock worth $1,330,000 after purchasing an additional 277 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Nutrien by 23.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after buying an additional 348 shares during the last quarter. Finally, PFG Investments LLC grew its stake in shares of Nutrien by 2.0% during the fourth quarter. PFG Investments LLC now owns 20,097 shares of the company's stock valued at $899,000 after buying an additional 386 shares during the last quarter. Institutional investors own 63.10% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Royal Bank of Canada restated an "outperform" rating and set a $60.00 price objective on shares of Nutrien in a report on Monday, February 24th. CIBC raised their price target on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research note on Tuesday, February 25th. Barclays boosted their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 5th. The Goldman Sachs Group started coverage on shares of Nutrien in a research report on Thursday, March 13th. They set a "sell" rating and a $53.00 target price on the stock. Finally, Scotiabank lifted their price target on shares of Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $60.00.
Check Out Our Latest Analysis on Nutrien
Nutrien Stock Down 0.5 %
Nutrien stock traded down $0.26 during trading hours on Thursday, reaching $48.15. The stock had a trading volume of 1,663,768 shares, compared to its average volume of 2,058,692. The company has a market cap of $23.54 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 1.19 and a beta of 0.77. The business's 50 day moving average price is $50.83 and its 200-day moving average price is $49.10. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87. 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 (NYSE:NTR - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). The firm had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Sell-side analysts anticipate 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. Stockholders of record on Monday, March 31st will be given a $0.545 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.53%. Nutrien's payout ratio is 159.12%.
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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