Minneapolis Portfolio Management Group LLC bought a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 366,948 shares of the company's stock, valued at approximately $16,421,000. Nutrien comprises about 2.2% of Minneapolis Portfolio Management Group LLC's portfolio, making the stock its 26th largest holding. Minneapolis Portfolio Management Group LLC owned 0.07% of Nutrien at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of NTR. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Nutrien in the third quarter valued at approximately $150,181,000. ARGA Investment Management LP grew its holdings in shares of Nutrien by 25.7% in the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company's stock worth $270,396,000 after acquiring an additional 1,236,671 shares during the period. Silchester International Investors LLP raised its holdings in Nutrien by 9.5% during the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company's stock worth $523,268,000 after purchasing an additional 1,009,895 shares during the last quarter. Pacific Heights Asset Management LLC grew its holdings in Nutrien by 462.1% in the fourth quarter. Pacific Heights Asset Management LLC now owns 815,000 shares of the company's stock valued at $36,471,000 after purchasing an additional 670,000 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Nutrien by 11.9% in the third quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company's stock valued at $202,830,000 after buying an additional 447,413 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Nutrien from $53.00 to $54.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. 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. Wells Fargo & Company raised their price objective on shares of Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Piper Sandler upped their target price on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group assumed coverage on Nutrien in a research report on Thursday, March 13th. They set a "sell" rating and a $53.00 price target for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $60.00.
Read Our Latest Stock Analysis on Nutrien
Nutrien Trading Down 1.5 %
NYSE:NTR traded down $0.78 during mid-day trading on Friday, reaching $50.13. The company's stock had a trading volume of 1,505,033 shares, compared to its average volume of 2,027,809. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The stock has a market cap of $24.52 billion, a P/E ratio of 36.59, a P/E/G ratio of 1.19 and a beta of 0.81. The company's fifty day simple moving average is $51.59 and its two-hundred day simple moving average is $48.97. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87.
Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $5.09 billion. On average, equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.
Nutrien Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued 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 4.35%. Nutrien's dividend payout ratio (DPR) 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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