Northwest & Ethical Investments L.P. raised its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 360,490 shares of the company's stock after purchasing an additional 17,038 shares during the quarter. Northwest & Ethical Investments L.P. owned 0.07% of Nutrien worth $16,102,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Silchester International Investors LLP raised its position in Nutrien by 9.5% during the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company's stock valued at $523,268,000 after buying an additional 1,009,895 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Nutrien by 0.8% in the fourth quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company's stock worth $426,436,000 after purchasing an additional 77,174 shares in the last quarter. ARGA Investment Management LP boosted its holdings in shares of Nutrien by 25.7% during the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company's stock worth $270,396,000 after purchasing an additional 1,236,671 shares during the period. National Bank of Canada FI grew its position in Nutrien by 4.1% during the third quarter. National Bank of Canada FI now owns 4,232,211 shares of the company's stock valued at $203,380,000 after purchasing an additional 165,582 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Nutrien by 11.9% in the 3rd 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 during the period. Hedge funds and other institutional investors own 63.10% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on NTR shares. UBS Group boosted their price target on shares of Nutrien from $53.00 to $54.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Piper Sandler upped their target price on Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Scotiabank lifted their price target on Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a report on Monday, February 24th. Mizuho increased their price objective on Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Finally, The Goldman Sachs Group initiated coverage on shares of Nutrien in a research note on Thursday, March 13th. They issued a "sell" rating and a $53.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Nutrien has an average rating of "Hold" and an average target price of $60.13.
View Our Latest Research Report on NTR
Nutrien Stock Performance
Shares of Nutrien stock traded up $0.10 during midday trading on Monday, hitting $52.58. The company had a trading volume of 1,444,854 shares, compared to its average volume of 1,969,636. The stock has a market cap of $25.72 billion, a PE ratio of 38.38, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. The business's 50 day simple moving average is $51.70 and its two-hundred day simple moving average is $48.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.
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 analysts' consensus estimates of $0.37 by ($0.09). The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. As a group, equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.
Nutrien Cuts Dividend
The firm 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. This represents a $2.18 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien's dividend payout ratio (DPR) is presently 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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