Legal & General Group Plc trimmed its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 27.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,533,193 shares of the company's stock after selling 962,987 shares during the period. Legal & General Group Plc owned approximately 0.52% of Nutrien worth $113,291,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in NTR. Fairway Wealth LLC bought a new stake in Nutrien in the fourth quarter valued at about $27,000. HHM Wealth Advisors LLC grew its stake in shares of Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after purchasing an additional 480 shares during the period. Assetmark Inc. raised its holdings in shares of Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after buying an additional 690 shares in the last quarter. Asset Planning Inc acquired a new position in shares of Nutrien in the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after buying an additional 416 shares during the period. Institutional investors and hedge funds own 63.10% of the company's stock.
Nutrien Trading Up 1.9 %
Shares of Nutrien stock traded up $0.99 during trading on Monday, hitting $52.15. 1,984,565 shares of the company were exchanged, compared to its average volume of 2,068,171. The firm 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. The firm's fifty day moving average price is $50.74 and its 200 day moving average price is $49.13. 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 Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87.
Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate 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 net margin of 2.62% and a return on equity of 6.81%. As a group, sell-side analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.
Nutrien Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were paid a $0.545 dividend. 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 payout ratio is 159.12%.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Wells Fargo & Company increased their price objective on Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Royal Bank of Canada reissued an "outperform" rating and set a $60.00 price target on shares of Nutrien in a report on Monday, February 24th. CIBC upped their price objective on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research note on Tuesday, February 25th. Piper Sandler lifted their target price on shares of Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Finally, Mizuho boosted their target price on Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $60.00.
Check Out Our Latest Stock Report on NTR
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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