Swiss National Bank lowered its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,436,236 shares of the company's stock after selling 59,600 shares during the period. Swiss National Bank owned approximately 0.29% of Nutrien worth $64,234,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in shares of Nutrien in the fourth quarter valued at $27,000. HHM Wealth Advisors LLC lifted its holdings in shares of Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after purchasing an additional 480 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after purchasing an additional 690 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of Nutrien in the fourth quarter valued at $35,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.
Nutrien Price Performance
NTR traded up $0.28 during midday trading on Wednesday, reaching $52.35. 1,213,430 shares of the company's stock were exchanged, compared to its average volume of 2,407,542. The firm has a market capitalization of $25.61 billion, a price-to-earnings ratio of 38.21, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. 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 one year low of $43.69 and a one year high of $60.87. The business has a 50-day simple moving average of $51.41 and a two-hundred day simple moving average of $48.74.
Nutrien (NYSE:NTR - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (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 firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. As a group, research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current 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 paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien's dividend payout ratio (DPR) is currently 159.12%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on NTR shares. Mizuho upped their price target 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. CIBC increased their target price on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. raised shares of Nutrien from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $40.00 to $50.00 in a research report on Monday, January 13th. Raymond James raised shares of Nutrien from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, Oppenheimer started coverage on Nutrien in a research report on Thursday, December 12th. They issued an "outperform" rating and a $60.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $60.13.
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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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