XTX Topco Ltd acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 35,426 shares of the company's stock, valued at approximately $1,703,000.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Lester Murray Antman dba SimplyRich lifted its position in shares of Nutrien by 2.3% in the second quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company's stock valued at $461,000 after acquiring an additional 202 shares in the last quarter. FFT Wealth Management LLC grew its stake in Nutrien by 0.8% during the 2nd quarter. FFT Wealth Management LLC now owns 29,220 shares of the company's stock valued at $1,488,000 after acquiring an additional 220 shares in the last quarter. MONECO Advisors LLC lifted its stake in Nutrien by 2.4% in the 2nd quarter. MONECO Advisors LLC now owns 9,791 shares of the company's stock worth $498,000 after purchasing an additional 233 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Nutrien by 6.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company's stock worth $207,000 after purchasing an additional 263 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in shares of Nutrien by 1.1% in the second quarter. Royal London Asset Management Ltd. now owns 23,995 shares of the company's stock valued at $1,222,000 after purchasing an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Scotiabank dropped their price objective on shares of Nutrien from $66.00 to $59.00 and set a "sector outperform" rating for the company in a report on Monday, August 12th. UBS Group lowered shares of Nutrien from a "buy" rating to a "neutral" rating and reduced their price target for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. Royal Bank of Canada reiterated an "outperform" rating and issued a $60.00 price objective on shares of Nutrien in a research report on Friday, September 20th. Barclays decreased their price target on Nutrien from $68.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, August 16th. Finally, Raymond James raised Nutrien from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $60.06.
Get Our Latest Report on NTR
Nutrien Stock Down 0.3 %
Shares of NYSE:NTR traded down $0.15 on Friday, hitting $47.93. 1,544,052 shares of the company's stock were exchanged, compared to its average volume of 1,993,113. Nutrien Ltd. has a 1-year low of $44.65 and a 1-year high of $60.87. The company has a market capitalization of $23.67 billion, a PE ratio of 32.17, a P/E/G ratio of 1.70 and a beta of 0.80. 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 firm's 50-day moving average is $47.96 and its 200 day moving average is $49.33.
Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company had revenue of $5.35 billion during the quarter, compared to analysts' expectations of $5.26 billion. During the same quarter in the prior year, the company earned $0.35 earnings per share. The business's revenue for the quarter was down 5.0% on a year-over-year basis. Sell-side analysts predict that Nutrien Ltd. will post 3.54 EPS for the current year.
Nutrien Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a $0.939 dividend. This represents a $3.76 annualized dividend and a yield of 7.84%. The ex-dividend date is Tuesday, December 31st. This is an increase from Nutrien's previous quarterly dividend of $0.54. Nutrien's dividend payout ratio is currently 144.97%.
Nutrien 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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