Trexquant Investment LP trimmed its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 44.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,512 shares of the company's stock after selling 19,383 shares during the period. Trexquant Investment LP's holdings in Nutrien were worth $1,097,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in NTR. Norges Bank bought a new stake in shares of Nutrien in the 4th quarter valued at about $241,958,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Nutrien by 159.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company's stock valued at $242,976,000 after acquiring an additional 3,341,169 shares during 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. Silchester International Investors LLP grew its stake in shares of Nutrien by 9.5% in the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company's stock worth $523,268,000 after purchasing an additional 1,009,895 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Nutrien by 30.3% during the 4th quarter. Geode Capital Management LLC now owns 3,022,551 shares of the company's stock valued at $137,202,000 after purchasing an additional 702,948 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.
Nutrien Stock Up 1.9 %
Nutrien stock traded up $0.99 during trading hours on Monday, hitting $52.15. The stock had a trading volume of 1,984,565 shares, compared to its average volume of 2,068,171. The stock's 50-day moving average price is $50.74 and its 200-day moving average price is $49.13. 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 12-month low of $43.70 and a 12-month high of $60.87. The stock has a market capitalization of $25.49 billion, a P/E ratio of 38.07, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77.
Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). The business had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Equities research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.
Nutrien Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were paid a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.18%. Nutrien's dividend payout ratio is presently 159.12%.
Analysts Set New Price Targets
NTR has been the topic of a number of recent analyst reports. Scotiabank lifted their price objective on Nutrien from $60.00 to $62.00 and gave the stock a "sector outperform" rating in a research report on Monday, February 24th. The Goldman Sachs Group assumed coverage on shares of Nutrien in a report on Thursday, March 13th. They issued a "sell" rating and a $53.00 price objective for the company. Mizuho boosted 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 upped their target price on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company raised their target price on Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $60.00.
Get Our Latest Analysis 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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