Virtu Financial LLC bought a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,963 shares of the company's stock, valued at approximately $815,000.
Other institutional investors also recently made changes to their positions in the company. Goodman Financial Corp lifted its stake in shares of Nutrien by 4.6% in the third quarter. Goodman Financial Corp now owns 253,860 shares of the company's stock valued at $12,201,000 after purchasing an additional 11,058 shares during the period. CORDA Investment Management LLC. increased its holdings in Nutrien by 7.0% in the third quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company's stock valued at $23,777,000 after buying an additional 32,541 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Nutrien by 10.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company's stock valued at $83,812,000 after acquiring an additional 157,932 shares during the period. Cardinal Capital Management Inc. boosted its stake in shares of Nutrien by 4.3% during the 3rd quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company's stock worth $27,139,000 after acquiring an additional 23,117 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of Nutrien by 335.0% in the 3rd quarter. Stephens Inc. AR now owns 70,301 shares of the company's stock worth $3,379,000 after acquiring an additional 54,138 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages recently issued reports on NTR. Wells Fargo & Company cut Nutrien from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $62.00 to $50.00 in a report on Tuesday, September 24th. The Goldman Sachs Group downgraded Nutrien from a "buy" rating to a "neutral" rating and cut their price target for the stock from $69.00 to $53.00 in a research note on Tuesday, September 10th. Barclays lowered their price objective on shares of Nutrien from $68.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, August 16th. Raymond James upgraded shares of Nutrien from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, UBS Group lowered shares of Nutrien from a "buy" rating to a "neutral" rating and lowered their price target for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Nutrien presently has an average rating of "Hold" and an average price target of $58.95.
View Our Latest Stock Analysis on NTR
Nutrien Trading Up 0.5 %
Shares of NTR traded up $0.25 during mid-day trading on Friday, hitting $48.18. The company had a trading volume of 1,478,614 shares, compared to its average volume of 1,958,913. Nutrien Ltd. has a 1-year low of $44.65 and a 1-year high of $60.87. The business's 50-day simple moving average is $47.85 and its 200-day simple moving average is $49.09. The stock has a market cap of $23.72 billion, a PE ratio of 32.34, a P/E/G ratio of 1.72 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 (NYSE:NTR - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS. Sell-side analysts forecast that Nutrien Ltd. will post 3.49 earnings per share for the current year.
Nutrien Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date is Tuesday, December 31st. This is an increase from Nutrien's previous quarterly dividend of $0.54. Nutrien's payout ratio is 144.97%.
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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