Mufg Securities Canada LTD. grew its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 71.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 753,487 shares of the company's stock after purchasing an additional 314,375 shares during the quarter. Nutrien makes up 1.2% of Mufg Securities Canada LTD.'s investment portfolio, making the stock its 23rd largest holding. Mufg Securities Canada LTD. owned 0.15% of Nutrien worth $33,693,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. TD Asset Management Inc. raised its position in Nutrien by 7.4% in the fourth quarter. TD Asset Management Inc. now owns 5,615,681 shares of the company's stock worth $251,152,000 after acquiring an additional 385,616 shares during the period. Modern Wealth Management LLC bought a new stake in shares of Nutrien in the 4th quarter worth approximately $209,000. Minneapolis Portfolio Management Group LLC purchased a new position in Nutrien in the fourth quarter valued at approximately $16,421,000. Vanguard Group Inc. grew its holdings in Nutrien by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company's stock valued at $885,009,000 after purchasing an additional 325,210 shares during the period. Finally, LPL Financial LLC increased its position in Nutrien by 8.0% in the fourth quarter. LPL Financial LLC now owns 104,732 shares of the company's stock worth $4,687,000 after buying an additional 7,780 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.
Nutrien Price Performance
NYSE:NTR traded down $0.78 during midday trading on Friday, hitting $50.13. The company had a trading volume of 1,505,033 shares, compared to its average volume of 2,027,809. The company has a market capitalization of $24.50 billion, a PE ratio of 36.59, a P/E/G ratio of 1.19 and a beta of 0.81. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 52-week low of $43.70 and a 52-week high of $60.87. The stock's fifty day moving average price is $51.59 and its 200-day moving average price is $48.99.
Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.
Nutrien Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders 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 payout ratio is 159.12%.
Analyst Ratings Changes
NTR has been the subject of several recent research reports. CIBC lifted their price objective on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a report on Tuesday, February 25th. Raymond James upgraded shares of Nutrien from a "market perform" rating to an "outperform" rating and upped their price target for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Oppenheimer started coverage on shares of Nutrien in a research note on Thursday, December 12th. They issued an "outperform" rating and a $60.00 price objective for the company. Scotiabank increased their target price on Nutrien from $60.00 to $62.00 and gave the stock a "sector outperform" rating in a research report on Monday, February 24th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $60.00 price target on shares of Nutrien in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $60.00.
Get Our Latest Research Report on Nutrien
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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