Horizon Kinetics Asset Management LLC decreased its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 78.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,026 shares of the company's stock after selling 250,607 shares during the period. Horizon Kinetics Asset Management LLC's holdings in Nutrien were worth $2,999,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in Nutrien in the 4th quarter valued at approximately $27,000. HHM Wealth Advisors LLC boosted its holdings in shares of Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after acquiring an additional 480 shares during the period. Assetmark Inc. grew its position in shares of Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after purchasing an additional 690 shares in the last quarter. Asset Planning Inc purchased a new position in shares of Nutrien in the fourth quarter valued at $35,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 416 shares during the period. Institutional investors own 63.10% of the company's stock.
Nutrien Trading Up 0.1 %
Shares of NTR traded up $0.03 during mid-day trading on Friday, reaching $52.48. The company's stock had a trading volume of 2,457,871 shares, compared to its average volume of 1,977,709. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87. The stock has a market cap of $25.68 billion, a PE ratio of 38.31, a P/E/G ratio of 1.19 and a beta of 0.81. The company's fifty day moving average price is $51.59 and its two-hundred day moving average price is $48.79. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.
Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results 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). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. On average, analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.
Nutrien Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.15%. Nutrien's payout ratio is 159.12%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on NTR. Wells Fargo & Company lifted their target price on Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a report on Friday, February 21st. Raymond James upgraded shares of Nutrien from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $58.00 to $60.00 in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. upgraded shares of Nutrien from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $40.00 to $50.00 in a research report on Monday, January 13th. UBS Group increased their price objective on Nutrien from $53.00 to $54.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Finally, CIBC boosted their target price on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $60.13.
View Our Latest Stock Analysis on NTR
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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