Kopernik Global Investors LLC bought a new position in Nutrien Ltd. (NYSE:NTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 81,164 shares of the company's stock, valued at approximately $3,632,000. Nutrien accounts for 0.4% of Kopernik Global Investors LLC's holdings, making the stock its 24th largest holding.
Other large investors have also modified their holdings of the company. Fairway Wealth LLC purchased a new stake in shares of Nutrien during the fourth quarter valued at approximately $27,000. HHM Wealth Advisors LLC increased its stake in Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after buying an additional 480 shares during the period. Assetmark Inc. lifted its holdings in Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after buying an additional 690 shares in the last quarter. Asset Planning Inc purchased a new position in Nutrien in the 4th quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC boosted its position in Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after buying an additional 416 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on NTR shares. Mizuho boosted their price target on Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $60.00 target price on shares of Nutrien in a research note on Monday, February 24th. Piper Sandler lifted their price target on shares of Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Barclays upped their price target on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th. Finally, CIBC raised their price objective on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a report on Tuesday, February 25th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.40.
Read Our Latest Analysis on NTR
Nutrien Stock Performance
Shares of NTR stock traded down $0.77 during trading hours on Friday, reaching $52.50. The stock had a trading volume of 2,808,612 shares, compared to its average volume of 2,079,247. The firm has a market capitalization of $25.66 billion, a PE ratio of 38.32, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. The firm has a 50-day simple moving average of $50.85 and a 200-day simple moving average of $49.24. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month 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 announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, equities analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.
Nutrien Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Monday, March 31st. Nutrien's dividend payout ratio (DPR) 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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