Jones Financial Companies Lllp raised its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 58.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 221,963 shares of the company's stock after acquiring an additional 82,075 shares during the period. Jones Financial Companies Lllp's holdings in Nutrien were worth $9,933,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of NTR. International Assets Investment Management LLC purchased a new stake in shares of Nutrien during the 3rd quarter worth approximately $2,296,000. Wealth Enhancement Advisory Services LLC increased its position in Nutrien by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company's stock worth $207,000 after purchasing an additional 263 shares during the last quarter. US Bancorp DE raised its stake in Nutrien by 15.5% during the third quarter. US Bancorp DE now owns 23,574 shares of the company's stock valued at $1,133,000 after purchasing an additional 3,157 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Nutrien by 217.0% during the third quarter. Farther Finance Advisors LLC now owns 3,500 shares of the company's stock valued at $168,000 after purchasing an additional 2,396 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Nutrien by 25.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 97,635 shares of the company's stock worth $4,692,000 after buying an additional 19,984 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
NTR has been the topic of several recent research reports. TD Securities decreased their target price 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. JPMorgan Chase & Co. raised Nutrien from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $40.00 to $50.00 in a research note on Monday, January 13th. Scotiabank lifted their target price on Nutrien from $60.00 to $62.00 and gave the stock a "sector outperform" rating in a report on Monday, February 24th. Wells Fargo & Company increased their price target on Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a report on Friday, February 21st. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $60.00 target price on shares of Nutrien in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.94.
View Our Latest Analysis on NTR
Nutrien Stock Performance
Shares of NTR traded down $0.12 during trading hours on Friday, reaching $51.03. 2,899,938 shares of the company traded hands, compared to its average volume of 1,983,032. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average price of $50.57 and a 200-day moving average price of $48.55. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87. The stock has a market capitalization of $24.96 billion, a P/E ratio of 37.24, a P/E/G ratio of 1.19 and a beta of 0.81.
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 net margin of 2.62% and a return on equity of 6.81%. The firm had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $5.09 billion. Equities analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.
Nutrien Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien's dividend payout ratio is presently 159.12%.
Nutrien 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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