Galibier Capital Management Ltd. lowered its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 541,324 shares of the company's stock after selling 122,022 shares during the quarter. Nutrien makes up 6.9% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its 6th largest position. Galibier Capital Management Ltd. owned about 0.11% of Nutrien worth $24,209,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Central Pacific Bank Trust Division purchased a new position in shares of Nutrien during the 3rd quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Nutrien during the 2nd quarter valued at $52,000. Larson Financial Group LLC lifted its holdings in shares of Nutrien by 1,370.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,603 shares of the company's stock worth $77,000 after acquiring an additional 1,494 shares during the last quarter. Cromwell Holdings LLC grew its position in Nutrien by 113.4% in the third quarter. Cromwell Holdings LLC now owns 1,694 shares of the company's stock worth $82,000 after acquiring an additional 900 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Nutrien by 56.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,680 shares of the company's stock valued at $86,000 after acquiring an additional 605 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have recently weighed in on NTR. TD Securities lowered their price objective on shares of Nutrien from $63.00 to $61.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. Raymond James raised shares of Nutrien from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $58.00 to $60.00 in a research note on Tuesday, December 3rd. CIBC reaffirmed an "outperformer" rating and set a $55.00 price objective (down from $60.00) on shares of Nutrien in a research note on Tuesday, December 10th. Wells Fargo & Company lowered Nutrien from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $62.00 to $50.00 in a research note on Tuesday, September 24th. Finally, Oppenheimer initiated coverage on Nutrien in a research report on Thursday, December 12th. They set an "outperform" rating and a $60.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.21.
Get Our Latest Stock Analysis on NTR
Nutrien Stock Performance
Shares of NYSE:NTR traded up $0.09 during mid-day trading on Friday, reaching $51.59. 1,444,043 shares of the company traded hands, compared to its average volume of 1,733,876. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $60.87. The firm has a market cap of $25.40 billion, a PE ratio of 34.62, a PEG ratio of 1.11 and a beta of 0.81. The company's 50 day moving average price is $47.07 and its 200-day moving average price is $47.90. 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, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The firm had revenue of $5.35 billion during the quarter, compared to analysts' expectations of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business's revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. On average, equities analysts expect that Nutrien Ltd. will post 3.5 EPS for the current fiscal year.
Nutrien Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.939 dividend. This is a positive change from Nutrien's previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.28%. Nutrien's dividend payout ratio is 144.97%.
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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