Summit Financial LLC acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,511 shares of the company's stock, valued at approximately $4,189,000.
Several other institutional investors have also recently made changes to their positions in the stock. Covea Finance increased its holdings in Nutrien by 21.9% during the 4th quarter. Covea Finance now owns 55,600 shares of the company's stock worth $2,485,000 after purchasing an additional 10,000 shares in the last quarter. Wellington Management Group LLP grew its holdings in Nutrien by 12.2% during the third quarter. Wellington Management Group LLP now owns 1,396,887 shares of the company's stock worth $67,200,000 after buying an additional 151,596 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Nutrien by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,886,376 shares of the company's stock worth $84,367,000 after buying an additional 144,025 shares in the last quarter. Van ECK Associates Corp lifted its stake in Nutrien by 5.7% during the 4th quarter. Van ECK Associates Corp now owns 1,480,870 shares of the company's stock valued at $66,264,000 after acquiring an additional 80,382 shares in the last quarter. Finally, Secured Retirement Advisors LLC purchased a new position in Nutrien during the 4th quarter worth $654,000. Institutional investors and hedge funds own 63.10% of the company's stock.
Analyst Ratings Changes
A number of research firms recently weighed in on NTR. Mizuho raised their price target on shares of Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. raised shares of Nutrien from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $40.00 to $50.00 in a research report on Monday, January 13th. Barclays upped their target price on Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th. CIBC raised their target price on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company boosted their price target on shares of Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $60.00.
Get Our Latest Research Report on NTR
Nutrien Stock Performance
Shares of NYSE:NTR traded up $0.73 during midday trading on Thursday, reaching $50.68. 3,410,210 shares of the company's stock traded hands, compared to its average volume of 2,030,485. The stock has a 50 day moving average of $51.47 and a 200 day moving average of $49.07. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87. The company has a market cap of $24.77 billion, a price-to-earnings ratio of 36.99, a P/E/G 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.
Nutrien (NYSE:NTR - Get Free Report) last issued 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). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. As a group, equities research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.
Nutrien Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a $0.545 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.30%. Nutrien's dividend payout ratio (DPR) 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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