Epoch Investment Partners Inc. lessened its stake in shares of Nutrien Ltd. (NYSE:NTR – Free Report) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,160,242 shares of the company’s stock after selling 42,296 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Nutrien were worth $87,552,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Montag A & Associates Inc. raised its holdings in Nutrien by 310.7% during the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 320 shares during the last quarter. Evolution Wealth Management Inc. bought a new stake in Nutrien in the 1st quarter worth $32,000. Sfam LLC bought a new stake in Nutrien in the 4th quarter worth $37,000. Eastern Bank increased its position in shares of Nutrien by 133.0% in the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after acquiring an additional 399 shares during the period. Finally, Harbour Investments Inc. increased its position in shares of Nutrien by 97.2% in the fourth quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock valued at $43,000 after acquiring an additional 347 shares during the period. 63.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce dropped their target price on shares of Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a report on Thursday, April 30th. Mizuho reduced their price target on Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Berenberg Bank set a $65.00 price target on Nutrien and gave the company a “hold” rating in a research report on Wednesday, June 10th. Royal Bank Of Canada increased 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. Finally, Wall Street Zen lowered Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Fourteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Nutrien has an average rating of “Moderate Buy” and a consensus price target of $81.89.
Nutrien Trading Down 0.5%
NYSE NTR opened at $68.18 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The firm has a market capitalization of $32.61 billion, a PE ratio of 13.89, a P/E/G ratio of 0.67 and a beta of 0.62. The stock’s 50 day moving average is $66.52 and its 200 day moving average is $70.04.
Nutrien (NYSE:NTR – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. Research analysts forecast that Nutrien Ltd. will post 5.11 earnings per share for the current fiscal year.
Nutrien Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. Nutrien’s dividend payout ratio 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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