SG Americas Securities LLC cut its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 47.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,869 shares of the company's stock after selling 15,089 shares during the quarter. SG Americas Securities LLC's holdings in Nutrien were worth $755,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of NTR. Central Pacific Bank Trust Division bought a new position in Nutrien in the third quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Nutrien in the 2nd quarter valued at $52,000. Larson Financial Group LLC grew its stake in Nutrien by 1,370.6% during the third quarter. Larson Financial Group LLC now owns 1,603 shares of the company's stock worth $77,000 after buying an additional 1,494 shares in the last quarter. Cromwell Holdings LLC boosted its position in Nutrien by 113.4% in the third quarter. Cromwell Holdings LLC now owns 1,694 shares of the company's stock valued at $82,000 after buying an additional 900 shares in the last quarter. Finally, Viking Fund Management LLC bought a new position in Nutrien during the 3rd quarter worth $96,000. Institutional investors and hedge funds own 63.10% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on NTR shares. TD Securities lowered their target price on shares of Nutrien from $63.00 to $61.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. CIBC reaffirmed an "outperformer" rating and set a $55.00 target price (down from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Oppenheimer started coverage on Nutrien in a research report on Thursday, December 12th. They issued an "outperform" rating and a $60.00 target price on the stock. Piper Sandler boosted their target price on shares of Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Raymond James upgraded shares of Nutrien from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $58.00 to $60.00 in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $58.94.
Check Out Our Latest Research Report on NTR
Nutrien Trading Down 1.5 %
Shares of NYSE:NTR traded down $0.78 during midday trading on Thursday, hitting $52.31. 1,531,131 shares of the stock traded hands, compared to its average volume of 2,275,742. The stock has a market capitalization of $25.69 billion, a PE ratio of 35.11, a P/E/G ratio of 1.17 and a beta of 0.81. The business's 50 day moving average is $48.03 and its two-hundred day moving average is $48.06. Nutrien Ltd. has a one year low of $43.69 and a one year high of $60.87. 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 (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business had revenue of $5.35 billion for the quarter, compared to analysts' expectations of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The company's revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS. As a group, research analysts forecast that Nutrien Ltd. will post 3.5 earnings per share for the current year.
Nutrien Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a $0.939 dividend. This is a boost from Nutrien's previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a yield of 7.18%. Nutrien's dividend payout ratio is presently 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.
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