Norges Bank bought a new position in Nutrien Ltd. (NYSE:NTR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,413,461 shares of the company's stock, valued at approximately $241,958,000. Norges Bank owned about 1.10% of Nutrien as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Uncommon Cents Investing LLC raised its holdings in shares of Nutrien by 2.1% during the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock valued at $517,000 after purchasing an additional 235 shares during the last quarter. Rhumbline Advisers grew its position in Nutrien by 3.5% in the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock worth $331,000 after purchasing an additional 247 shares during the period. FFT Wealth Management LLC raised its stake in Nutrien by 0.9% during the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock valued at $1,330,000 after buying an additional 277 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Nutrien by 23.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after buying an additional 348 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Nutrien by 20.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,213 shares of the company's stock worth $106,000 after buying an additional 381 shares during the last quarter. Institutional investors own 63.10% of the company's stock.
Nutrien Price Performance
NYSE:NTR traded down $3.27 on Friday, reaching $47.44. 5,469,154 shares of the company's stock traded hands, compared to its average volume of 2,036,432. The stock has a 50-day simple moving average of $51.30 and a 200-day simple moving average of $49.08. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. The firm has a market cap of $23.19 billion, a PE ratio of 34.63, a P/E/G ratio of 1.19 and a beta of 0.77. 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 (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. Equities research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.
Nutrien Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.60%. Nutrien's dividend payout ratio is 159.12%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on NTR. Wells Fargo & Company upped their price objective on Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. Mizuho upped their price target on shares of Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. CIBC raised their price objective on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a report on Tuesday, February 25th. UBS Group upped their target price on shares of Nutrien from $53.00 to $54.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Finally, The Goldman Sachs Group initiated coverage on shares of Nutrien in a research report on Thursday, March 13th. They issued a "sell" rating and a $53.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $60.00.
View Our Latest Report 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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