Clal Insurance Enterprises Holdings Ltd raised its position in Nutrien Ltd (NYSE:NTR) by 69.3% during the first quarter, Holdings Channel reports. The institutional investor owned 846,383 shares of the company’s stock after buying an additional 346,383 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Nutrien were worth $44,928,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc raised its holdings in shares of Nutrien by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 16,810,545 shares of the company’s stock worth $969,968,000 after acquiring an additional 68,304 shares during the period. Capital Investment Advisory Services LLC purchased a new position in shares of Nutrien during the 4th quarter worth $53,000. Comerica Securities Inc. raised its holdings in shares of Nutrien by 11.6% during the 4th quarter. Comerica Securities Inc. now owns 5,971 shares of the company’s stock worth $283,000 after acquiring an additional 622 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Nutrien by 5.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 19,740 shares of the company’s stock worth $928,000 after acquiring an additional 1,082 shares during the period. Finally, Stevens Capital Management LP raised its holdings in shares of Nutrien by 12.2% during the 4th quarter. Stevens Capital Management LP now owns 12,097 shares of the company’s stock worth $569,000 after acquiring an additional 1,311 shares during the period. Hedge funds and other institutional investors own 66.98% of the company’s stock.
Shares of NTR opened at $53.05 on Friday. The stock has a market capitalization of $31.02 billion, a P/E ratio of 19.69, a P/E/G ratio of 2.24 and a beta of 0.84. Nutrien Ltd has a 12-month low of $43.96 and a 12-month high of $58.99.
Nutrien (NYSE:NTR) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Nutrien had a net margin of 18.41% and a return on equity of 12.95%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. As a group, equities analysts predict that Nutrien Ltd will post 2.95 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.72 dividend on an annualized basis and a yield of 3.24%. Nutrien’s dividend payout ratio (DPR) is presently 63.94%.
Several brokerages recently issued reports on NTR. Raymond James set a $70.00 price objective on shares of Nutrien and gave the company a “strong-buy” rating in a report on Thursday, May 30th. Zacks Investment Research upgraded shares of Nutrien from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, Cowen restated an “outperform” rating and issued a $66.00 price objective (down from $70.00) on shares of Nutrien in a report on Wednesday, March 6th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Nutrien presently has an average rating of “Buy” and a consensus price target of $61.50.
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Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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