Himension Capital Singapore PTE. LTD. purchased a new position in Nutrien Ltd. (NYSE:NTR – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,162 shares of the company’s stock, valued at approximately $918,000.
Other hedge funds have also recently made changes to their positions in the company. Montag A & Associates Inc. grew its position in Nutrien by 310.7% in the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares during the period. Evolution Wealth Management Inc. purchased a new stake in Nutrien during the 1st quarter valued at $32,000. Sfam LLC bought a new position in shares of Nutrien during the 4th quarter valued at $37,000. Eastern Bank lifted its holdings in shares of Nutrien by 133.0% during the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after buying an additional 399 shares during the period. Finally, Harbour Investments Inc. boosted its stake in shares of Nutrien by 97.2% in the 4th quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after buying an additional 347 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.
Nutrien Stock Performance
Shares of NTR opened at $66.78 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $66.70 and a two-hundred day simple moving average of $69.96. The stock has a market cap of $31.94 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 0.65 and a beta of 0.62. Nutrien Ltd. has a 52 week low of $53.03 and a 52 week high of $85.36.
Nutrien Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.3%. Nutrien’s payout ratio is currently 44.81%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Royal Bank Of Canada lifted their price objective on Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Oppenheimer increased their target price on Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Bank of America raised Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Thursday, April 30th. Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings raised shares of Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Fourteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Nutrien currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.
Read Our Latest Research Report on Nutrien
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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