Nomura Asset Management Co. Ltd. increased its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,000 shares of the company's stock after buying an additional 19,600 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Nutrien were worth $10,919,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in shares of Nutrien during the 4th quarter worth $27,000. HHM Wealth Advisors LLC increased its holdings in Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after buying an additional 480 shares during the period. Assetmark Inc. raised its position in shares of Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after buying an additional 690 shares in the last quarter. Asset Planning Inc bought a new stake in shares of Nutrien during the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC raised its position in Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 416 shares in the last quarter. Institutional investors own 63.10% of the company's stock.
Analyst Ratings Changes
NTR has been the subject of several research reports. Piper Sandler increased their target price on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Mizuho raised their price objective on shares of Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Wells Fargo & Company upped their price target on shares of Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. Scotiabank increased their price objective on Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised Nutrien from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $40.00 to $50.00 in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Nutrien currently has an average rating of "Hold" and an average price target of $60.00.
Check Out Our Latest Stock Report on NTR
Nutrien Stock Up 1.1 %
Shares of NYSE NTR traded up $0.57 during trading on Thursday, hitting $50.52. 2,136,502 shares of the company traded hands, compared to its average volume of 2,025,846. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The business's fifty day moving average is $51.47 and its 200 day moving average is $49.07. The firm has a market capitalization of $24.70 billion, a price-to-earnings ratio of 36.79, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87.
Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. Equities research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.
Nutrien Cuts Dividend
The company also recently announced 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 of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.32%. Nutrien's dividend payout ratio is currently 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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