Wilmington Savings Fund Society FSB acquired a new position in Nutrien Ltd. (NYSE:NTR - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 46,552 shares of the company's stock, valued at approximately $2,237,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division purchased a new position in shares of Nutrien during the 3rd quarter worth $28,000. Family Firm Inc. purchased a new position in Nutrien during the second quarter worth about $32,000. Andra AP fonden acquired a new stake in shares of Nutrien during the second quarter valued at about $51,000. Oakworth Capital Inc. purchased a new stake in shares of Nutrien in the 2nd quarter valued at approximately $52,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Nutrien in the 2nd quarter worth approximately $52,000. Institutional investors and hedge funds own 63.10% of the company's stock.
Shares of NYSE NTR opened at $48.18 on Friday. The stock's 50-day simple moving average is $47.85 and its 200-day simple moving average is $49.09. The firm has a market capitalization of $23.72 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 1.72 and a beta of 0.80. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27.
Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same period in the previous year, the business posted $0.35 EPS. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, equities research analysts forecast that Nutrien Ltd. will post 3.49 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This is a positive change from Nutrien's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.76 annualized dividend and a dividend yield of 7.80%. Nutrien's dividend payout ratio (DPR) is presently 144.97%.
A number of analysts have issued reports on NTR shares. The Goldman Sachs Group lowered Nutrien from a "buy" rating to a "neutral" rating and cut their target price for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. UBS Group lowered Nutrien from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $66.00 to $51.00 in a research note on Thursday, October 10th. Raymond James raised Nutrien from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. TD Securities reduced their price target on shares of Nutrien from $63.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company cut shares of Nutrien from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $62.00 to $50.00 in a report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $58.95.
View Our Latest Research Report on NTR
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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