Sequoia Financial Advisors LLC bought a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,588 shares of the company's stock, valued at approximately $250,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NTR. Natixis Advisors LLC raised its position in Nutrien by 16.3% during the 3rd quarter. Natixis Advisors LLC now owns 34,519 shares of the company's stock worth $1,659,000 after buying an additional 4,832 shares during the last quarter. Swiss National Bank increased its stake in shares of Nutrien by 0.8% in the third quarter. Swiss National Bank now owns 1,495,836 shares of the company's stock worth $71,995,000 after acquiring an additional 11,800 shares during the period. Aviance Capital Partners LLC raised its holdings in shares of Nutrien by 85.2% during the third quarter. Aviance Capital Partners LLC now owns 23,872 shares of the company's stock worth $1,147,000 after purchasing an additional 10,981 shares during the last quarter. Commerce Bank raised its holdings in shares of Nutrien by 9.9% during the third quarter. Commerce Bank now owns 4,826 shares of the company's stock worth $232,000 after purchasing an additional 433 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Nutrien by 34.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,287,220 shares of the company's stock worth $61,848,000 after purchasing an additional 327,799 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on NTR shares. CIBC raised their target price on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a report on Tuesday, February 25th. Mizuho raised their target price on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Oppenheimer started coverage on shares of Nutrien in a report on Thursday, December 12th. They set an "outperform" rating and a $60.00 target price for the company. Barclays raised their target price on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 5th. Finally, Raymond James raised shares of Nutrien from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Nutrien has a consensus rating of "Hold" and an average target price of $60.13.
Read Our Latest Report on NTR
Nutrien Price Performance
Shares of NTR stock traded up $0.03 on Friday, reaching $52.48. 2,457,871 shares of the company were exchanged, compared to its average volume of 1,971,743. The company has a market cap of $25.68 billion, a price-to-earnings ratio of 38.31, a P/E/G ratio of 1.19 and a beta of 0.81. The business has a 50-day moving average price of $51.67 and a 200 day moving average price of $48.83. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. 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 released its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). The company had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. Equities research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.
Nutrien Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a dividend of $0.545 per share. The ex-dividend date is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.15%. Nutrien's payout ratio is presently 159.12%.
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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