PFG Investments LLC Has $899,000 Position in Nutrien Ltd. (NYSE:NTR)

PFG Investments LLC raised its position in Nutrien Ltd. (NYSE:NTRFree Report) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,097 shares of the company’s stock after buying an additional 386 shares during the period. PFG Investments LLC’s holdings in Nutrien were worth $899,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Exchange Traded Concepts LLC raised its stake in shares of Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after buying an additional 416 shares during the last quarter. Hedges Asset Management LLC bought a new stake in shares of Nutrien during the fourth quarter worth $470,000. Janney Montgomery Scott LLC boosted its holdings in Nutrien by 0.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 98,317 shares of the company’s stock worth $4,400,000 after purchasing an additional 682 shares during the last quarter. Silchester International Investors LLP boosted its holdings in Nutrien by 9.5% during the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock worth $523,268,000 after purchasing an additional 1,009,895 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC boosted its holdings in Nutrien by 8.8% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 12,536 shares of the company’s stock worth $561,000 after purchasing an additional 1,013 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Trading Down 0.1 %

NTR opened at $52.48 on Wednesday. The company’s 50 day moving average is $47.75 and its 200-day moving average is $48.00. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $60.87. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The company has a market cap of $25.77 billion, a P/E ratio of 35.22, a PEG ratio of 1.17 and a beta of 0.81.

Nutrien (NYSE:NTRGet Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. Equities research analysts predict that Nutrien Ltd. will post 3.5 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a dividend of $0.939 per share. The ex-dividend date was Tuesday, December 31st. This is an increase from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a yield of 7.16%. Nutrien’s dividend payout ratio (DPR) is currently 144.97%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and increased their price target for the company from $40.00 to $50.00 in a research note on Monday, January 13th. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. UBS Group raised their price target on shares of Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wells Fargo & Company raised their price target on shares of Nutrien from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Oppenheimer initiated coverage on shares of Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $58.94.

View Our Latest Stock Analysis on NTR

About Nutrien

(Free Report)

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.

Featured Stories

Want to see what other hedge funds are holding NTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutrien Ltd. (NYSE:NTRFree Report).

Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

Receive News & Ratings for Nutrien Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutrien and related companies with MarketBeat.com's FREE daily email newsletter.