Pacific Heights Asset Management LLC purchased a new stake in shares of Nutrien Ltd (NYSE:NTR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,000 shares of the company’s stock, valued at approximately $2,585,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc raised its stake in Nutrien by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 16,810,545 shares of the company’s stock valued at $969,968,000 after purchasing an additional 68,304 shares during the last quarter. FMR LLC lifted its position in Nutrien by 0.3% during the 3rd quarter. FMR LLC now owns 14,855,934 shares of the company’s stock worth $857,760,000 after acquiring an additional 47,376 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Nutrien by 252.4% in the 3rd quarter. Schroder Investment Management Group now owns 7,680,426 shares of the company’s stock valued at $543,168,000 after purchasing an additional 5,501,161 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Nutrien by 3.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,050,841 shares of the company’s stock valued at $118,363,000 after purchasing an additional 73,135 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Nutrien by 64.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,960,391 shares of the company’s stock valued at $113,116,000 after acquiring an additional 768,242 shares in the last quarter. 66.61% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:NTR opened at $54.09 on Thursday. Nutrien Ltd has a 12 month low of $43.96 and a 12 month high of $58.99. The company has a market capitalization of $31.81 billion, a PE ratio of 20.11, a PEG ratio of 1.66 and a beta of 0.80.
Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.54. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Nutrien had a return on equity of 12.95% and a net margin of 18.20%. The company’s revenue was up 7.5% on a year-over-year basis. Sell-side analysts predict that Nutrien Ltd will post 3.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Friday, March 29th will be given a $0.43 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.72 annualized dividend and a yield of 3.18%. Nutrien’s dividend payout ratio is 63.94%.
NTR has been the topic of several recent research reports. Cleveland Research upgraded Nutrien from a “neutral” rating to a “buy” rating in a research report on Thursday, October 18th. TD Securities raised shares of Nutrien from a “hold” rating to a “buy” rating and upped their price target for the company from $63.00 to $68.00 in a research note on Wednesday, November 7th. They noted that the move was a valuation call. Stephens set a $68.00 price objective on Nutrien and gave the stock a “buy” rating in a research report on Thursday, November 8th. Citigroup cut their price target on Nutrien from $66.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, January 7th. Finally, Barclays reiterated a “buy” rating on shares of Nutrien in a research report on Sunday. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Nutrien has a consensus rating of “Buy” and a consensus target price of $61.94.
Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.
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