Meitav Investment House Ltd. raised its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 636,400 shares of the company's stock after purchasing an additional 30,900 shares during the quarter. Meitav Investment House Ltd. owned 0.13% of Nutrien worth $30,843,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Silchester International Investors LLP lifted its holdings in shares of Nutrien by 164.4% in the 3rd quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company's stock valued at $513,437,000 after buying an additional 6,642,075 shares during the period. Bank of Montreal Can lifted its holdings in shares of Nutrien by 15.5% in the 2nd quarter. Bank of Montreal Can now owns 13,354,385 shares of the company's stock valued at $719,668,000 after buying an additional 1,794,333 shares during the period. National Bank of Canada FI lifted its holdings in shares of Nutrien by 34.0% in the 2nd quarter. National Bank of Canada FI now owns 4,066,629 shares of the company's stock valued at $205,385,000 after buying an additional 1,032,763 shares during the period. 1832 Asset Management L.P. lifted its holdings in shares of Nutrien by 10.6% in the 1st quarter. 1832 Asset Management L.P. now owns 8,839,216 shares of the company's stock valued at $480,058,000 after buying an additional 844,559 shares during the period. Finally, Public Sector Pension Investment Board acquired a new position in shares of Nutrien in the 2nd quarter valued at about $38,176,000. Hedge funds and other institutional investors own 63.10% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently weighed in on NTR. The Goldman Sachs Group cut Nutrien from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $69.00 to $53.00 in a report on Tuesday, September 10th. Hsbc Global Res cut Nutrien from a "hold" rating to a "moderate sell" rating in a report on Friday, August 2nd. Wells Fargo & Company cut Nutrien from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $62.00 to $50.00 in a report on Tuesday, September 24th. Barclays reduced their price target on Nutrien from $68.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, August 16th. Finally, BMO Capital Markets reduced their price target on Nutrien from $80.00 to $75.00 and set an "outperform" rating for the company in a report on Friday, August 9th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Nutrien currently has a consensus rating of "Hold" and an average price target of $60.67.
View Our Latest Analysis on NTR
Nutrien Price Performance
Shares of NTR stock traded down $0.28 during trading hours on Thursday, reaching $47.68. The company had a trading volume of 1,511,741 shares, compared to its average volume of 1,941,397. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26. The stock has a fifty day moving average of $47.83 and a 200-day moving average of $50.75. The company has a market capitalization of $23.55 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 1.56 and a beta of 0.82. Nutrien Ltd. has a 12-month low of $44.65 and a 12-month high of $60.87.
Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.19 by $0.15. The business had revenue of $10.16 billion during the quarter, compared to analyst estimates of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The business's revenue was down 12.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.53 earnings per share. On average, equities analysts anticipate that Nutrien Ltd. will post 3.85 earnings per share for the current year.
Nutrien Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 27th were given a $0.54 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 4.53%. Nutrien's payout ratio is 126.32%.
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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