Metis Global Partners LLC boosted its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,557 shares of the company's stock after buying an additional 19,240 shares during the quarter. Metis Global Partners LLC's holdings in Nutrien were worth $6,424,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in NTR. International Assets Investment Management LLC purchased a new position in shares of Nutrien during the 3rd quarter worth approximately $2,296,000. Assenagon Asset Management S.A. lifted its stake in Nutrien by 17.9% during the third quarter. Assenagon Asset Management S.A. now owns 20,563 shares of the company's stock worth $989,000 after purchasing an additional 3,120 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Nutrien by 6.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company's stock worth $207,000 after buying an additional 263 shares during the period. US Bancorp DE grew its stake in shares of Nutrien by 15.5% in the third quarter. US Bancorp DE now owns 23,574 shares of the company's stock valued at $1,133,000 after buying an additional 3,157 shares in the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of Nutrien by 335.0% in the 3rd quarter. Stephens Inc. AR now owns 70,301 shares of the company's stock valued at $3,379,000 after buying an additional 54,138 shares during the period. 63.10% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
NTR has been the subject of a number of research analyst reports. Scotiabank raised their target price on Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a report on Monday, February 24th. Wells Fargo & Company raised their price objective on shares of Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a research note on Friday, February 21st. Mizuho upped their target price on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Piper Sandler raised their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. raised Nutrien from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $40.00 to $50.00 in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Nutrien has a consensus rating of "Moderate Buy" and an average target price of $59.94.
Check Out Our Latest Stock Analysis on Nutrien
Nutrien Stock Up 2.9 %
Nutrien stock traded up $1.43 during mid-day trading on Wednesday, hitting $49.92. The company had a trading volume of 2,730,527 shares, compared to its average volume of 1,973,418. 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 1 year low of $43.70 and a 1 year high of $60.87. The business has a fifty day moving average of $50.33 and a 200 day moving average of $48.52. The stock has a market cap of $24.42 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 1.19 and a beta of 0.81.
Nutrien (NYSE:NTR - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The company had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $5.09 billion. On average, sell-side analysts expect 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 given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Monday, March 31st. Nutrien's dividend payout ratio (DPR) is currently 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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