FDx Advisors Inc. cut its position in Nutrien Ltd (NYSE:NTR) by 70.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,605 shares of the company’s stock after selling 15,824 shares during the period. FDx Advisors Inc.’s holdings in Nutrien were worth $381,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. 10 15 Associates Inc. raised its holdings in Nutrien by 1.8% in the second quarter. 10 15 Associates Inc. now owns 50,192 shares of the company’s stock worth $2,729,000 after purchasing an additional 897 shares during the period. Morningstar Investment Services LLC raised its holdings in Nutrien by 6.8% in the second quarter. Morningstar Investment Services LLC now owns 14,693 shares of the company’s stock worth $799,000 after purchasing an additional 933 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Nutrien by 28.4% in the third quarter. Steward Partners Investment Advisory LLC now owns 4,344 shares of the company’s stock worth $251,000 after purchasing an additional 962 shares during the period. Fairfield Bush & CO. raised its holdings in Nutrien by 8.2% in the second quarter. Fairfield Bush & CO. now owns 13,182 shares of the company’s stock worth $717,000 after purchasing an additional 1,000 shares during the period. Finally, Hellman Jordan Management Co. Inc. MA raised its holdings in Nutrien by 4.4% in the second quarter. Hellman Jordan Management Co. Inc. MA now owns 23,746 shares of the company’s stock worth $1,291,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 66.70% of the company’s stock.
NTR has been the topic of several analyst reports. Cowen increased their target price on shares of Nutrien from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th. Zacks Investment Research lowered shares of Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, August 11th. Barclays initiated coverage on shares of Nutrien in a report on Tuesday, September 4th. They issued an “overweight” rating and a $65.00 target price on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $55.00 target price on shares of Nutrien in a report on Wednesday, September 19th. Finally, Scotiabank downgraded shares of Nutrien from a “focus list” rating to an “outperform” rating in a research report on Thursday, September 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $62.67.
Shares of NTR stock opened at $51.21 on Thursday. Nutrien Ltd has a 12-month low of $40.41 and a 12-month high of $58.99. The firm has a market cap of $31.35 billion, a PE ratio of 40.97, a P/E/G ratio of 1.84 and a beta of 0.75.
Nutrien (NYSE:NTR) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.83 billion. Nutrien had a net margin of 1.74% and a return on equity of 12.95%. The company’s quarterly revenue was up 226.9% compared to the same quarter last year. On average, research analysts expect that Nutrien Ltd will post 2.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 17th. Investors of record on Monday, December 31st will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.72 dividend on an annualized basis and a yield of 3.36%. This is an increase from Nutrien’s previous quarterly dividend of $0.40.
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Nutrien Company Profile
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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