Signaturefd LLC lifted its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 64.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,198 shares of the company's stock after acquiring an additional 4,782 shares during the period. Signaturefd LLC's holdings in Nutrien were worth $546,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Fairway Wealth LLC bought a new stake in Nutrien during the 4th quarter worth approximately $27,000. HHM Wealth Advisors LLC grew its position in shares of Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after purchasing an additional 480 shares in the last quarter. Assetmark Inc. grew its position in shares of Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after purchasing an additional 690 shares in the last quarter. Asset Planning Inc bought a new position in shares of Nutrien in the fourth quarter worth $35,000. Finally, Exchange Traded Concepts LLC raised its position in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after buying an additional 416 shares in the last quarter. 63.10% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on NTR shares. CIBC upped their target price on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research note on Tuesday, February 25th. Oppenheimer started coverage on shares of Nutrien in a research report on Thursday, December 12th. They set an "outperform" rating and a $60.00 target price for the company. Scotiabank increased their price target on shares of Nutrien from $60.00 to $62.00 and gave the stock a "sector outperform" rating in a report on Monday, February 24th. Mizuho lifted their price objective on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Finally, Piper Sandler increased their target price on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $60.13.
Get Our Latest Stock Analysis on NTR
Nutrien Trading Up 0.2 %
Shares of NYSE NTR traded up $0.10 during mid-day trading on Monday, hitting $52.58. The stock had a trading volume of 1,444,854 shares, compared to its average volume of 1,969,636. The firm has a market cap of $25.72 billion, a P/E ratio of 38.38, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. 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 business has a 50 day moving average price of $51.70 and a two-hundred day moving average price of $48.89. 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 quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). The firm had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. On average, equities analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.
Nutrien Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien's dividend payout ratio (DPR) is currently 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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