Noesis Capital Mangement Corp increased its position in shares of Nutrien Ltd (NYSE:NTR) by 22.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,090 shares of the company’s stock after purchasing an additional 9,125 shares during the quarter. Noesis Capital Mangement Corp’s holdings in Nutrien were worth $2,643,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of NTR. FTB Advisors Inc. increased its stake in Nutrien by 29.9% in the first quarter. FTB Advisors Inc. now owns 882 shares of the company’s stock valued at $46,000 after purchasing an additional 203 shares during the last quarter. Wetherby Asset Management Inc. grew its position in Nutrien by 2.8% during the first quarter. Wetherby Asset Management Inc. now owns 8,035 shares of the company’s stock valued at $424,000 after acquiring an additional 217 shares during the period. Point View Wealth Management Inc. grew its position in Nutrien by 0.9% during the fourth quarter. Point View Wealth Management Inc. now owns 26,189 shares of the company’s stock valued at $1,231,000 after acquiring an additional 245 shares during the period. Proficio Capital Partners LLC grew its position in Nutrien by 38.3% during the fourth quarter. Proficio Capital Partners LLC now owns 902 shares of the company’s stock valued at $42,000 after acquiring an additional 250 shares during the period. Finally, Creative Planning grew its position in Nutrien by 1.3% during the first quarter. Creative Planning now owns 19,833 shares of the company’s stock valued at $1,046,000 after acquiring an additional 260 shares during the period. 66.51% of the stock is owned by hedge funds and other institutional investors.
NTR has been the subject of a number of research reports. Raymond James reissued a “strong-buy” rating and set a $70.00 price target on shares of Nutrien in a research report on Thursday, March 14th. Barclays reissued a “buy” rating on shares of Nutrien in a research report on Sunday, February 10th. Cowen reissued an “outperform” rating and set a $63.00 price target (down previously from $66.00) on shares of Nutrien in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research raised Nutrien from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $61.50.
Shares of NYSE NTR opened at $47.34 on Friday. Nutrien Ltd has a 1-year low of $43.96 and a 1-year high of $58.99. The stock has a market capitalization of $28.64 billion, a PE ratio of 17.60, a P/E/G ratio of 2.06 and a beta of 0.79.
Nutrien (NYSE:NTR) last issued its earnings results on Thursday, May 9th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.04). Nutrien had a return on equity of 12.95% and a net margin of 18.41%. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the previous year, the company earned $0.16 EPS. Nutrien’s quarterly revenue was up .7% on a year-over-year basis. As a group, research analysts expect that Nutrien Ltd will post 2.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, June 27th. Nutrien’s dividend payout ratio is currently 63.94%.
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Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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