Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 172,510 shares of the company's stock after selling 39,804 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Nutrien were worth $7,715,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. HHM Wealth Advisors LLC increased its stake in shares of Nutrien by 331.0% during the fourth 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. increased its stake in shares of Nutrien by 1,437.5% during the fourth 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 during the fourth quarter valued at approximately $35,000. Exchange Traded Concepts LLC increased its stake in shares of Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 416 shares in the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Nutrien by 138.1% during the fourth quarter. Principal Securities Inc. now owns 931 shares of the company's stock valued at $42,000 after purchasing an additional 540 shares in the last quarter. Institutional investors own 63.10% of the company's stock.
Analyst Ratings Changes
Several brokerages recently weighed in on NTR. UBS Group raised their price target on shares of Nutrien from $53.00 to $54.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Royal Bank of Canada reissued an "outperform" rating and set a $60.00 price target on shares of Nutrien in a research report on Monday, February 24th. CIBC raised their price target on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research report on Tuesday, February 25th. Wells Fargo & Company raised their price target on shares of Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group began coverage on shares of Nutrien in a research report on Thursday. They set a "sell" rating and a $53.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Nutrien presently has an average rating of "Hold" and a consensus price target of $60.13.
Get Our Latest Report on NTR
Nutrien Trading Down 1.3 %
Shares of Nutrien stock opened at $50.10 on Friday. The company's fifty day simple moving average is $51.18 and its 200-day simple moving average is $48.66. The stock has a market capitalization of $24.51 billion, a PE ratio of 36.57, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.
Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). The business had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.
Nutrien Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a dividend of $0.545 per share. The ex-dividend date is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.35%. Nutrien's payout ratio is 159.12%.
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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