Tidal Investments LLC lessened its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 69.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,969 shares of the company's stock after selling 22,942 shares during the quarter. Tidal Investments LLC's holdings in Nutrien were worth $479,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Lester Murray Antman dba SimplyRich raised its holdings in shares of Nutrien by 2.3% during the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company's stock valued at $461,000 after purchasing an additional 202 shares in the last quarter. FFT Wealth Management LLC raised its holdings in Nutrien by 0.8% during the second quarter. FFT Wealth Management LLC now owns 29,220 shares of the company's stock valued at $1,488,000 after buying an additional 220 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Nutrien by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company's stock worth $207,000 after buying an additional 263 shares during the last quarter. Royal London Asset Management Ltd. lifted its position 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 worth $1,222,000 after buying an additional 265 shares during the last quarter. Finally, United Services Automobile Association increased its holdings in shares of Nutrien by 1.6% during the 2nd quarter. United Services Automobile Association now owns 17,853 shares of the company's stock valued at $909,000 after acquiring an additional 284 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.
NTR opened at $44.58 on Monday. The company has a market capitalization of $21.95 billion, a P/E ratio of 29.92, a P/E/G ratio of 1.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The firm's fifty day moving average price is $47.48 and its two-hundred day moving average price is $48.59. Nutrien Ltd. has a fifty-two week low of $43.87 and a fifty-two week high of $60.87.
Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share 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 business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter last year, the firm posted $0.35 earnings per share. Nutrien's revenue was down 5.0% on a year-over-year basis. On average, analysts anticipate that Nutrien Ltd. will post 3.5 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a $0.939 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Nutrien's previous quarterly dividend of $0.54. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.43%. Nutrien's dividend payout ratio is presently 144.97%.
Several equities research analysts recently weighed in on NTR shares. CIBC restated an "outperformer" rating and issued a $55.00 target price (down from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Oppenheimer started coverage on shares of Nutrien in a research note on Thursday, December 12th. They issued an "outperform" rating and a $60.00 price objective for the company. Raymond James upgraded shares of Nutrien from a "market perform" rating to an "outperform" rating and raised their target price for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. UBS Group lowered shares of Nutrien from a "buy" rating to a "neutral" rating and cut their target price for the stock from $66.00 to $51.00 in a research report on Thursday, October 10th. Finally, Wells Fargo & Company downgraded Nutrien from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $62.00 to $50.00 in a research report on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $58.95.
View Our Latest Stock Report on Nutrien
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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