Dixon Mitchell Investment Counsel Inc. cut its holdings in Nutrien Ltd. (NYSE:NTR – Free Report) by 96.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,542 shares of the company’s stock after selling 207,287 shares during the quarter. Dixon Mitchell Investment Counsel Inc.’s holdings in Nutrien were worth $408,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of NTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Nutrien by 65.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock valued at $1,253,000 after purchasing an additional 9,950 shares during the period. NewEdge Advisors LLC grew its position in shares of Nutrien by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock valued at $343,000 after purchasing an additional 404 shares during the period. Focus Partners Wealth acquired a new position in shares of Nutrien in the 1st quarter valued at approximately $516,000. Acadian Asset Management LLC acquired a new position in Nutrien during the 1st quarter worth approximately $54,000. Finally, Prudential Financial Inc. acquired a new position in Nutrien during the 2nd quarter worth approximately $203,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.
Nutrien Trading Up 3.2%
NYSE NTR opened at $67.65 on Friday. The company has a market cap of $32.47 billion, a PE ratio of 13.78, a PEG ratio of 0.62 and a beta of 0.60. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The stock has a 50 day moving average of $71.34 and a 200-day moving average of $69.17.
Nutrien Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio is presently 44.81%.
Analyst Ratings Changes
NTR has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce reduced their price target on Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a research report on Thursday, April 30th. Scotiabank upped their price target on Nutrien from $75.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Monday, May 11th. TD Securities reaffirmed a “buy” rating on shares of Nutrien in a research report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price target on Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Finally, Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.71.
View Our Latest Analysis on NTR
Nutrien Company Profile
Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.
Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.
Further Reading
- Five stocks we like better than Nutrien
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Want to see what other hedge funds are holding NTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutrien Ltd. (NYSE:NTR – Free Report).
Receive News & Ratings for Nutrien Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutrien and related companies with MarketBeat.com's FREE daily email newsletter.
