Tidal Investments LLC lessened its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 69.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,969 shares of the company's stock after selling 22,942 shares during the quarter. Tidal Investments LLC's holdings in Nutrien were worth $479,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NTR. Central Pacific Bank Trust Division purchased a new stake in shares of Nutrien during the third quarter worth about $28,000. Andra AP fonden purchased a new stake in Nutrien in the second quarter valued at $51,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Nutrien in the 2nd quarter valued at about $52,000. Rothschild Investment LLC acquired a new stake in Nutrien during the second quarter worth about $72,000. Finally, Larson Financial Group LLC raised its position in Nutrien by 1,370.6% during the third quarter. Larson Financial Group LLC now owns 1,603 shares of the company's stock valued at $77,000 after acquiring an additional 1,494 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.
Nutrien Trading Down 0.2 %
NYSE:NTR traded down $0.11 on Monday, reaching $44.47. The company's stock had a trading volume of 1,794,284 shares, compared to its average volume of 1,963,320. The firm has a market cap of $21.90 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 1.73 and a beta of 0.80. 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 Ltd. has a 12-month low of $43.75 and a 12-month high of $60.87. The stock has a 50 day moving average price of $47.48 and a 200 day moving average price of $48.54.
Nutrien (NYSE:NTR - Get Free Report) last announced its 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 company 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 quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. On average, equities analysts anticipate that Nutrien Ltd. will post 3.5 EPS for the current fiscal year.
Nutrien Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.939 per share. This is a positive change from Nutrien's previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a dividend yield of 8.45%. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien's dividend payout ratio (DPR) is currently 144.97%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on NTR shares. Oppenheimer initiated 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. The Goldman Sachs Group downgraded shares of Nutrien from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $69.00 to $53.00 in a research report on Tuesday, September 10th. Raymond James upgraded Nutrien from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Wells Fargo & Company lowered shares of Nutrien from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $62.00 to $50.00 in a report on Tuesday, September 24th. Finally, CIBC reiterated an "outperformer" rating and issued a $55.00 target price (down previously from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Nutrien has a consensus rating of "Hold" and an average target price of $58.95.
View Our Latest Report on Nutrien
Nutrien Company Profile
(
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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