PFG Investments LLC raised its position in Nutrien Ltd. (NYSE:NTR – Free 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 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
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.
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