Sumitomo Mitsui Trust Holdings Inc. increased its position in Nutrien Ltd (NYSE:NTR) by 20.9% during the first quarter, Holdings Channel reports. The institutional investor owned 2,683,039 shares of the company’s stock after acquiring an additional 463,641 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Nutrien were worth $141,484,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its stake in Nutrien by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 16,810,545 shares of the company’s stock valued at $969,968,000 after acquiring an additional 68,304 shares in the last quarter. Virtu Financial LLC purchased a new position in Nutrien during the 4th quarter valued at about $563,000. Sicart Associates LLC increased its holdings in Nutrien by 3.8% during the 4th quarter. Sicart Associates LLC now owns 126,838 shares of the company’s stock valued at $6,010,000 after acquiring an additional 4,690 shares in the last quarter. Shine Investment Advisory Services Inc. increased its holdings in Nutrien by 27.2% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 1,794 shares of the company’s stock valued at $84,000 after acquiring an additional 384 shares in the last quarter. Finally, We Are One Seven LLC purchased a new stake in shares of Nutrien during the fourth quarter worth about $124,000. Hedge funds and other institutional investors own 68.87% of the company’s stock.
NTR has been the subject of a number of recent research reports. Raymond James reiterated a “strong-buy” rating and set a $70.00 price target on shares of Nutrien in a report on Thursday, March 14th. Barclays reiterated a “buy” rating on shares of Nutrien in a report on Sunday, February 10th. Cowen reiterated an “outperform” rating and set a $63.00 price target (down from $66.00) on shares of Nutrien in a report on Tuesday, April 23rd. Finally, Zacks Investment Research upgraded shares of Nutrien from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 10th. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Nutrien presently has a consensus rating of “Buy” and a consensus target price of $61.50.
Shares of NTR traded up $0.15 during mid-day trading on Tuesday, hitting $48.62. The company had a trading volume of 69,726 shares, compared to its average volume of 1,652,096. Nutrien Ltd has a 1-year low of $43.96 and a 1-year high of $58.99. The stock has a market capitalization of $28.51 billion, a PE ratio of 18.05, a P/E/G ratio of 2.08 and a beta of 0.79.
Nutrien (NYSE:NTR) last released its earnings results on Thursday, May 9th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.04). The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.71 billion. Nutrien had a return on equity of 12.95% and a net margin of 18.41%. Nutrien’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. On average, research analysts expect that Nutrien Ltd will post 2.97 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 given 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 3.54%. Nutrien’s dividend payout ratio (DPR) is 63.94%.
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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