Metis Global Partners LLC boosted its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 51.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 124,317 shares of the company's stock after acquiring an additional 42,167 shares during the period. Metis Global Partners LLC's holdings in Nutrien were worth $5,974,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. Lester Murray Antman dba SimplyRich boosted its stake in Nutrien by 2.3% during the second quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company's stock worth $461,000 after acquiring an additional 202 shares in the last quarter. FFT Wealth Management LLC grew its position in Nutrien by 0.8% in the 2nd quarter. FFT Wealth Management LLC now owns 29,220 shares of the company's stock worth $1,488,000 after purchasing an additional 220 shares during the period. Covestor Ltd increased its position in Nutrien by 33.3% during the first quarter. Covestor Ltd now owns 932 shares of the company's stock valued at $50,000 after acquiring an additional 233 shares during the last quarter. MONECO Advisors LLC grew its stake in shares of Nutrien by 2.4% during the 2nd quarter. MONECO Advisors LLC now owns 9,791 shares of the company's stock valued at $498,000 after purchasing an additional 233 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Nutrien by 6.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company's stock valued at $207,000 after purchasing an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.
Nutrien Stock Down 0.9 %
NYSE:NTR traded down $0.44 during trading hours on Thursday, reaching $46.37. The company's stock had a trading volume of 3,937,317 shares, compared to its average volume of 1,969,009. Nutrien Ltd. has a 12 month low of $44.65 and a 12 month high of $60.87. The stock has a 50 day moving average price of $47.99 and a two-hundred day moving average price of $50.50. The company has a market capitalization of $22.90 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27.
Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The company's revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. Equities analysts predict that Nutrien Ltd. will post 3.65 EPS for the current fiscal year.
Nutrien Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.939 per share. This represents a $3.76 annualized dividend and a yield of 8.10%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Nutrien's previous quarterly dividend of $0.54. Nutrien's dividend payout ratio (DPR) is 144.97%.
Wall Street Analyst Weigh In
NTR has been the subject of several recent research reports. Wells Fargo & Company lowered Nutrien from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $62.00 to $50.00 in a report on Tuesday, September 24th. The Goldman Sachs Group lowered shares of Nutrien from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $69.00 to $53.00 in a report on Tuesday, September 10th. Hsbc Global Res downgraded shares of Nutrien from a "hold" rating to a "moderate sell" rating in a research report on Friday, August 2nd. Barclays cut their price target on Nutrien from $68.00 to $55.00 and set an "overweight" rating for the company in a research note on Friday, August 16th. Finally, Mizuho decreased their price target on shares of Nutrien from $55.00 to $52.00 and set a "neutral" rating on the stock in a research note on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $60.33.
Check Out Our Latest Analysis on Nutrien
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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