Burns J W & Co. Inc. NY lowered its position in shares of Nutrien Ltd (NYSE:NTR) by 2.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 56,336 shares of the company’s stock after selling 1,430 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Nutrien were worth $2,810,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of NTR. Carroll Financial Associates Inc. boosted its stake in shares of Nutrien by 11.1% during the 2nd quarter. Carroll Financial Associates Inc. now owns 2,843 shares of the company’s stock valued at $152,000 after buying an additional 284 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of Nutrien by 39.6% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,085 shares of the company’s stock valued at $58,000 after buying an additional 308 shares during the last quarter. Tdam USA Inc. boosted its stake in shares of Nutrien by 2.3% during the 2nd quarter. Tdam USA Inc. now owns 13,646 shares of the company’s stock valued at $730,000 after buying an additional 310 shares during the last quarter. Sprott Inc. boosted its stake in shares of Nutrien by 4.4% during the 2nd quarter. Sprott Inc. now owns 7,546 shares of the company’s stock valued at $403,000 after buying an additional 315 shares during the last quarter. Finally, Coastal Investment Advisors Inc. boosted its stake in shares of Nutrien by 63.8% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 929 shares of the company’s stock valued at $49,000 after buying an additional 362 shares during the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.
Shares of NTR stock traded up $1.03 on Friday, hitting $50.75. 438,401 shares of the stock traded hands, compared to its average volume of 1,045,587. Nutrien Ltd has a 1-year low of $43.96 and a 1-year high of $57.97. The company’s fifty day moving average is $50.10 and its 200 day moving average is $51.49. The company has a market capitalization of $27.73 billion, a PE ratio of 18.87, a PEG ratio of 2.54 and a beta of 0.91.
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 analysts’ expectations of $8.17 billion. During the same quarter in the previous year, the company earned $1.48 earnings per share. Nutrien’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, analysts predict that Nutrien Ltd will post 2.38 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a $0.45 dividend. The ex-dividend date is Friday, September 27th. This is a positive change from Nutrien’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 3.55%. Nutrien’s dividend payout ratio (DPR) is currently 66.91%.
Several research firms have recently commented on NTR. TD Securities increased their target price on Nutrien from $68.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. dropped their price target on Nutrien from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. ValuEngine raised Nutrien from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Scotiabank set a $60.00 price target on Nutrien and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Raymond James reissued a “strong-buy” rating and set a $70.00 price target on shares of Nutrien in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Nutrien presently has an average rating of “Buy” and a consensus target price of $61.60.
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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