CORDA Investment Management LLC. lifted its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 494,745 shares of the company's stock after acquiring an additional 32,541 shares during the quarter. Nutrien makes up approximately 1.9% of CORDA Investment Management LLC.'s holdings, making the stock its 29th biggest holding. CORDA Investment Management LLC. owned about 0.10% of Nutrien worth $23,777,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Central Pacific Bank Trust Division purchased a new position in Nutrien during the third quarter valued at approximately $28,000. Family Firm Inc. purchased a new position in Nutrien during the second quarter valued at approximately $32,000. Trust Co. of Vermont increased its holdings in Nutrien by 50.0% during the second quarter. Trust Co. of Vermont now owns 900 shares of the company's stock valued at $46,000 after buying an additional 300 shares during the period. Covestor Ltd grew its holdings in Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company's stock worth $50,000 after purchasing an additional 233 shares during the last quarter. Finally, Andra AP fonden purchased a new position in Nutrien in the second quarter worth $51,000. 63.10% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have issued reports on NTR. The Goldman Sachs Group lowered shares of Nutrien from a "buy" rating to a "neutral" rating and cut their price target for the stock from $69.00 to $53.00 in a report on Tuesday, September 10th. Mizuho cut their price target on shares of Nutrien from $55.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. UBS Group lowered shares of Nutrien from a "buy" rating to a "neutral" rating and cut their price target for the stock from $66.00 to $51.00 in a report on Thursday, October 10th. TD Securities lowered their price objective on shares of Nutrien from $69.00 to $67.00 and set a "buy" rating for the company in a research note on Thursday, August 1st. Finally, BMO Capital Markets lowered their price objective on shares of Nutrien from $80.00 to $75.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $60.67.
Get Our Latest Report on Nutrien
Nutrien Stock Performance
NTR traded up $2.42 on Monday, reaching $50.78. The stock had a trading volume of 3,604,629 shares, compared to its average volume of 1,949,011. Nutrien Ltd. has a 12-month low of $44.65 and a 12-month high of $60.87. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The business's 50-day moving average price is $47.85 and its two-hundred day moving average price is $50.69. The company has a market cap of $25.08 billion, a P/E ratio of 30.23, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82.
Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, beating analysts' consensus estimates of $2.19 by $0.15. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The company had revenue of $10.16 billion during the quarter, compared to analysts' expectations of $10.82 billion. During the same quarter in the previous year, the company earned $2.53 earnings per share. The firm's revenue for the quarter was down 12.9% on a year-over-year basis. Sell-side analysts forecast that Nutrien Ltd. will post 3.85 earnings per share for the current year.
Nutrien Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 27th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.25%. Nutrien's dividend payout ratio is currently 135.00%.
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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