Principal Financial Group Inc. lessened its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 39.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,430 shares of the company's stock after selling 75,328 shares during the quarter. Principal Financial Group Inc.'s holdings in Nutrien were worth $5,553,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new position in shares of Nutrien in the 2nd quarter valued at $72,000. Commonwealth Equity Services LLC increased its stake in Nutrien by 0.4% in the second quarter. Commonwealth Equity Services LLC now owns 105,085 shares of the company's stock valued at $5,350,000 after purchasing an additional 422 shares during the period. Natixis Advisors LLC raised its holdings in shares of Nutrien by 3.2% in the second quarter. Natixis Advisors LLC now owns 29,687 shares of the company's stock valued at $1,511,000 after buying an additional 927 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Nutrien by 34.0% during the second quarter. National Bank of Canada FI now owns 4,066,629 shares of the company's stock worth $205,385,000 after buying an additional 1,032,763 shares during the period. Finally, Oxbow Advisors LLC boosted its stake in shares of Nutrien by 1.8% during the second quarter. Oxbow Advisors LLC now owns 70,805 shares of the company's stock worth $3,605,000 after buying an additional 1,256 shares during the period. Institutional investors and hedge funds own 63.10% of the company's stock.
Wall Street Analyst Weigh In
NTR has been the subject of several analyst reports. 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. Royal Bank of Canada restated an "outperform" rating and set a $60.00 price target on shares of Nutrien in a research note on Friday, September 20th. The Goldman Sachs Group lowered shares of Nutrien from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. Raymond James raised shares of Nutrien from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Finally, UBS Group cut shares of Nutrien from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $66.00 to $51.00 in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $58.95.
View Our Latest Report on Nutrien
Nutrien Price Performance
NTR stock traded up $0.53 on Thursday, reaching $45.28. The company had a trading volume of 1,944,012 shares, compared to its average volume of 1,957,934. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The company's fifty day moving average is $46.87 and its 200 day moving average is $48.05. The company has a market cap of $22.30 billion, a P/E ratio of 30.39, a PEG ratio of 1.73 and a beta of 0.80. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $60.87.
Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm's revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS. On average, research analysts forecast that Nutrien Ltd. will post 3.5 earnings per share for the current year.
Nutrien Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a $0.939 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Nutrien's previous quarterly dividend of $0.54. Nutrien's payout ratio is currently 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.
Featured Stories
Before you consider Nutrien, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nutrien wasn't on the list.
While Nutrien currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
