Nuveen Asset Management LLC acquired a new position in shares of Nutrien Ltd. (NYSE:NTR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 421,088 shares of the company’s stock, valued at approximately $20,280,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. DORCHESTER WEALTH MANAGEMENT Co lifted its position in shares of Nutrien by 1.9% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 12,196 shares of the company’s stock valued at $587,000 after acquiring an additional 225 shares during the period. Point View Wealth Management Inc. raised its stake in Nutrien by 1.4% in the fourth quarter. Point View Wealth Management Inc. now owns 20,595 shares of the company’s stock valued at $992,000 after purchasing an additional 277 shares in the last quarter. CWM LLC lifted its position in Nutrien by 95.4% during the fourth quarter. CWM LLC now owns 801 shares of the company’s stock worth $39,000 after purchasing an additional 391 shares during the period. Crossmark Global Holdings Inc. grew its stake in Nutrien by 0.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 46,420 shares of the company’s stock worth $2,236,000 after buying an additional 416 shares in the last quarter. Finally, Fruth Investment Management grew its stake in Nutrien by 5.1% during the fourth quarter. Fruth Investment Management now owns 8,680 shares of the company’s stock worth $418,000 after buying an additional 420 shares in the last quarter. 61.86% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Nutrien from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, January 15th. Raymond James set a $65.00 target price on Nutrien and gave the stock a “strong-buy” rating in a research note on Friday, February 19th. Credit Suisse Group raised their target price on Nutrien from $51.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, February 25th. Morgan Stanley boosted their price target on Nutrien from $50.00 to $56.00 and gave the stock an “equal weight” rating in a report on Monday, February 8th. Finally, TD Securities restated a “buy” rating and set a $66.00 price objective on shares of Nutrien in a research report on Thursday, February 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $53.82.
Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, February 17th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.09. The firm had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Nutrien had a net margin of 0.47% and a return on equity of 4.19%. Equities research analysts expect that Nutrien Ltd. will post 1.7 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Wednesday, March 31st will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.31%. This is an increase from Nutrien’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, March 30th. Nutrien’s dividend payout ratio is presently 82.95%.
Nutrien Company Profile
Nutrien Ltd. provides crop inputs, services, and solutions. The company offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.
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: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.