Mawer Investment Management Ltd. boosted its stake in Nutrien Ltd (NYSE:NTR) by 0.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,640,193 shares of the company’s stock after buying an additional 14,776 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.63% of Nutrien worth $195,155,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Comerica Securities Inc. increased its position in shares of Nutrien by 11.6% during the 4th quarter. Comerica Securities Inc. now owns 5,971 shares of the company’s stock valued at $283,000 after purchasing an additional 622 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Nutrien by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,631,437 shares of the company’s stock valued at $76,678,000 after purchasing an additional 19,826 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Nutrien by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 513,112 shares of the company’s stock valued at $23,911,000 after acquiring an additional 45,692 shares during the period. Brinker Capital Inc. purchased a new position in Nutrien during the 1st quarter valued at $394,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Nutrien during the 1st quarter valued at $272,000. 66.63% of the stock is currently owned by hedge funds and other institutional investors.
NTR has been the subject of a number of recent analyst reports. BMO Capital Markets set a $60.00 price objective on Nutrien and gave the company a “buy” rating in a report on Wednesday, July 31st. Raymond James restated a “strong-buy” rating and set a $70.00 price objective on shares of Nutrien in a report on Tuesday, July 30th. Bank of America upgraded Nutrien from an “underperform” rating to a “neutral” rating in a report on Friday, August 16th. TD Securities boosted their price objective on Nutrien from $68.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Citigroup set a $61.00 price objective on Nutrien and gave the company a “buy” rating in a report on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $62.00.
Shares of NTR stock traded down $0.89 during mid-day trading on Friday, hitting $48.70. The stock had a trading volume of 37,951 shares, compared to its average volume of 1,558,898. Nutrien Ltd has a 12-month low of $43.96 and a 12-month high of $58.99. The firm has a market capitalization of $28.09 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The firm’s 50-day moving average is $51.35 and its two-hundred day moving average is $52.31.
Nutrien (NYSE:NTR) last issued its earnings results on Monday, July 29th. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.01). The business had revenue of $8.66 billion during the quarter, compared to analyst estimates of $8.17 billion. During the same period last year, the company earned $1.48 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Sell-side analysts predict that Nutrien Ltd will post 2.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.70%. This is a boost from Nutrien’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, September 27th. Nutrien’s dividend payout ratio is currently 63.94%.
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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