Hikari Power Ltd decreased its holdings in shares of Nutrien Ltd. (NYSE:NTR – Free Report) by 30.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,000 shares of the company’s stock after selling 66,310 shares during the quarter. Nutrien accounts for approximately 1.0% of Hikari Power Ltd’s portfolio, making the stock its 16th largest position. Hikari Power Ltd’s holdings in Nutrien were worth $11,319,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Montag A & Associates Inc. lifted its position in Nutrien by 310.7% during the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares during the last quarter. Evolution Wealth Management Inc. purchased a new position in Nutrien in the 1st quarter worth approximately $32,000. Sfam LLC bought a new position in shares of Nutrien in the 4th quarter worth $37,000. Eastern Bank increased its holdings in shares of Nutrien by 133.0% in the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after buying an additional 399 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in shares of Nutrien by 97.2% during the 4th quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock valued at $43,000 after buying an additional 347 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on NTR. Bank of America raised shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Thursday, April 30th. Oppenheimer increased their target price on Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Scotiabank upgraded Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price target on the stock in a research report on Tuesday, June 30th. Raymond James Financial raised Nutrien from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $74.00 to $90.00 in a research note on Tuesday, May 5th. Finally, Weiss Ratings upgraded Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Nutrien has an average rating of “Moderate Buy” and an average price target of $80.94.
Nutrien Trading Up 2.2%
NTR stock opened at $66.73 on Thursday. The company has a market capitalization of $31.98 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.60 and a beta of 0.62. 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 Ltd. has a one year low of $53.03 and a one year high of $85.36. The company’s 50 day moving average price is $67.73 and its two-hundred day moving average price is $69.70.
Nutrien (NYSE:NTR – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 EPS. As a group, analysts predict that Nutrien Ltd. will post 5.45 earnings per share for the current fiscal year.
Nutrien Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, June 30th. Nutrien’s dividend payout ratio is presently 44.81%.
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.
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