Nikko Asset Management Americas Inc. trimmed its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 13.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,229 shares of the company's stock after selling 12,679 shares during the period. Nikko Asset Management Americas Inc.'s holdings in Nutrien were worth $3,501,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Atria Investments Inc increased its position in Nutrien by 2.0% in the third quarter. Atria Investments Inc now owns 14,636 shares of the company's stock worth $703,000 after purchasing an additional 290 shares during the period. Natixis Advisors LLC boosted its stake in shares of Nutrien by 16.3% in the 3rd quarter. Natixis Advisors LLC now owns 34,519 shares of the company's stock valued at $1,659,000 after purchasing an additional 4,832 shares during the last quarter. Swiss National Bank grew its position in shares of Nutrien by 0.8% during the 3rd quarter. Swiss National Bank now owns 1,495,836 shares of the company's stock worth $71,995,000 after buying an additional 11,800 shares during the period. Aviance Capital Partners LLC raised its stake in shares of Nutrien by 85.2% during the third quarter. Aviance Capital Partners LLC now owns 23,872 shares of the company's stock worth $1,147,000 after buying an additional 10,981 shares during the last quarter. Finally, Commerce Bank raised its stake in shares of Nutrien by 9.9% during the third quarter. Commerce Bank now owns 4,826 shares of the company's stock worth $232,000 after buying an additional 433 shares during the last quarter. 63.10% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. The Goldman Sachs Group initiated coverage on shares of Nutrien in a report on Thursday, March 13th. They set a "sell" rating and a $53.00 target price for the company. UBS Group lifted their price objective on Nutrien from $53.00 to $54.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Oppenheimer began coverage on Nutrien in a report on Thursday, December 12th. They issued an "outperform" rating and a $60.00 price objective for the company. Royal Bank of Canada restated an "outperform" rating and set a $60.00 target price on shares of Nutrien in a report on Monday, February 24th. Finally, Piper Sandler upped their price target on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $60.13.
View Our Latest Stock Report on Nutrien
Nutrien Stock Up 0.1 %
NTR traded up $0.03 during trading on Friday, hitting $52.48. The company had a trading volume of 2,457,868 shares, compared to its average volume of 2,381,924. The company has a market capitalization of $25.68 billion, a PE ratio of 38.31, a PEG 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 one year low of $43.69 and a one year high of $60.87. The firm's 50-day moving average price is $51.59 and its 200 day moving average price is $48.79.
Nutrien (NYSE:NTR - Get Free Report) last issued 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). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. As a group, equities analysts expect 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 will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Monday, March 31st. Nutrien's payout ratio is currently 159.12%.
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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