Jolley Asset Management LLC purchased a new position in Nutrien Ltd (NYSE:NTR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,700 shares of the company’s stock, valued at approximately $256,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of NTR. First Eagle Investment Management LLC acquired a new position in shares of Nutrien in the first quarter worth $1,291,935,000. Boston Partners acquired a new position in shares of Nutrien in the first quarter worth $387,104,000. CIBC Asset Management Inc acquired a new position in shares of Nutrien in the first quarter worth $323,312,000. Wells Fargo & Company MN acquired a new position in shares of Nutrien in the first quarter worth $120,297,000. Finally, Swiss National Bank acquired a new position in shares of Nutrien in the first quarter worth $110,501,000. 63.28% of the stock is currently owned by institutional investors and hedge funds.
NYSE:NTR traded down $0.06 during trading hours on Wednesday, reaching $52.64. The company’s stock had a trading volume of 62,806 shares, compared to its average volume of 1,534,291. The stock has a market capitalization of $33.22 billion, a PE ratio of 42.19, a P/E/G ratio of 1.58 and a beta of 0.46. Nutrien Ltd has a one year low of $40.41 and a one year high of $56.18. The company has a current ratio of 2.07, a quick ratio of 1.58 and a debt-to-equity ratio of 0.45.
Nutrien (NYSE:NTR) last issued its quarterly earnings data on Monday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). Nutrien had a return on equity of 0.81% and a net margin of 2.48%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.87 billion. sell-side analysts forecast that Nutrien Ltd will post 2.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 18th. Shareholders of record on Friday, June 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, June 28th.
A number of brokerages recently issued reports on NTR. Citigroup upped their price objective on shares of Nutrien from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. ValuEngine upgraded shares of Nutrien from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Raymond James upgraded shares of Nutrien from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $60.00 to $65.00 in a report on Monday, June 25th. Royal Bank of Canada upped their price objective on shares of Nutrien from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, DZ Bank reiterated a “neutral” rating on shares of Nutrien in a report on Tuesday, April 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $58.93.
Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.
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