Mediolanum International Funds Ltd reduced its position in Nutrien Ltd. (NYSE:NTR – Free Report) by 29.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 28,451 shares of the company’s stock after selling 11,985 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Nutrien were worth $2,179,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Nutrien by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock worth $1,386,546,000 after acquiring an additional 479,834 shares in the last quarter. Wellington Management Group LLP lifted its stake in Nutrien by 440.2% during the fourth quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock worth $1,008,713,000 after purchasing an additional 13,313,817 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Nutrien by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock worth $821,326,000 after purchasing an additional 70,068 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Nutrien by 2.0% in the 4th quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock valued at $604,745,000 after purchasing an additional 189,683 shares in the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of Nutrien by 21.2% in the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after purchasing an additional 1,559,673 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on NTR. Wall Street Zen lowered Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Scotiabank upgraded Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective for the company in a research report on Tuesday, June 30th. Scotia raised Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective on the stock in a research note on Tuesday, June 30th. UBS Group decreased their target price on Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research report on Monday, May 11th. Finally, Bank of America raised Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Nutrien has a consensus rating of “Moderate Buy” and an average price target of $82.00.
Nutrien Stock Performance
NYSE NTR opened at $66.78 on Wednesday. The firm’s fifty day moving average price is $66.70 and its two-hundred day moving average price is $69.96. The stock has a market cap of $31.94 billion, a PE ratio of 13.60, a PEG ratio of 0.65 and a beta of 0.62. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24.
Nutrien (NYSE:NTR – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the prior year, the business earned $0.11 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities analysts expect that Nutrien Ltd. will post 5.11 EPS for the current fiscal year.
Nutrien Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th were given a $0.55 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.3%. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.
Nutrien 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.
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