Janney Montgomery Scott LLC increased its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 25.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,635 shares of the company's stock after purchasing an additional 19,984 shares during the quarter. Janney Montgomery Scott LLC's holdings in Nutrien were worth $4,692,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division purchased a new position in Nutrien in the third quarter valued at approximately $28,000. Family Firm Inc. acquired a new stake in Nutrien during the 2nd quarter worth $32,000. Trust Co. of Vermont lifted its position in Nutrien by 50.0% in the second quarter. Trust Co. of Vermont now owns 900 shares of the company's stock valued at $46,000 after acquiring an additional 300 shares during the last quarter. Covestor Ltd boosted its stake in Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company's stock valued at $50,000 after acquiring an additional 233 shares in the last quarter. Finally, Andra AP fonden purchased a new position in shares of Nutrien during the second quarter worth about $51,000. Institutional investors and hedge funds own 63.10% of the company's stock.
Nutrien Price Performance
Shares of NYSE:NTR traded down $0.62 during trading on Friday, hitting $48.32. 2,325,769 shares of the stock were exchanged, compared to its average volume of 2,094,178. Nutrien Ltd. has a 12-month low of $44.65 and a 12-month high of $60.87. The company has a market cap of $23.86 billion, a PE ratio of 32.43, a P/E/G ratio of 1.58 and a beta of 0.82. The company has a fifty day moving average price of $47.98 and a two-hundred day moving average price of $50.60. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37.
Nutrien (NYSE:NTR - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the company posted $0.35 EPS. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. On average, analysts forecast that Nutrien Ltd. will post 3.82 EPS for the current year.
Nutrien Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.77%. This is a boost from Nutrien's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien's dividend payout ratio (DPR) is 144.97%.
Analyst Upgrades and Downgrades
NTR has been the subject of a number of research reports. TD Securities reduced their price objective on Nutrien from $64.00 to $63.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Mizuho decreased their price target on shares of Nutrien from $55.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. Scotiabank dropped their price objective on shares of Nutrien from $66.00 to $59.00 and set a "sector outperform" rating on the stock in a research note on Monday, August 12th. Barclays lowered their price target on Nutrien from $68.00 to $55.00 and set an "overweight" rating on the stock in a report on Friday, August 16th. Finally, BMO Capital Markets reduced their price objective on Nutrien from $80.00 to $75.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $60.44.
View Our Latest Stock Report on NTR
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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