MML Investors Services LLC increased its position in shares of Nutrien Ltd (NYSE:NTR) by 153.9% during the second quarter, Holdings Channel reports. The fund owned 14,826 shares of the company’s stock after acquiring an additional 8,986 shares during the quarter. MML Investors Services LLC’s holdings in Nutrien were worth $793,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LS Investment Advisors LLC acquired a new stake in Nutrien during the second quarter worth approximately $27,000. Icon Wealth Partners LLC acquired a new stake in Nutrien during the first quarter worth approximately $35,000. Bessemer Group Inc. boosted its position in Nutrien by 354.4% during the second quarter. Bessemer Group Inc. now owns 727 shares of the company’s stock worth $39,000 after acquiring an additional 567 shares during the last quarter. Liberty Wealth Management LLC boosted its position in Nutrien by 340.5% during the second quarter. Liberty Wealth Management LLC now owns 740 shares of the company’s stock worth $40,000 after acquiring an additional 572 shares during the last quarter. Finally, Coastal Investment Advisors Inc. boosted its position in Nutrien by 63.8% during the second quarter. Coastal Investment Advisors Inc. now owns 929 shares of the company’s stock worth $49,000 after acquiring an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.
Shares of NTR stock traded up $0.56 during mid-day trading on Thursday, reaching $52.30. The company’s stock had a trading volume of 33,573 shares, compared to its average volume of 885,702. The company’s 50 day simple moving average is $50.93 and its 200-day simple moving average is $51.92. Nutrien Ltd has a 12-month low of $43.96 and a 12-month high of $58.99. The firm has a market capitalization of $29.68 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.53 and a beta of 0.91.
Nutrien (NYSE:NTR) last issued its earnings results on Monday, July 29th. The company reported $1.58 EPS for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.01). The firm had revenue of $8.66 billion for the quarter, compared to analyst estimates of $8.17 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts predict that Nutrien Ltd will post 2.56 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Friday, September 27th. This is an increase from Nutrien’s previous quarterly dividend of $0.43. Nutrien’s dividend payout ratio (DPR) is currently 63.94%.
A number of analysts recently issued reports on NTR shares. Raymond James restated a “strong-buy” rating and set a $70.00 target price on shares of Nutrien in a research report on Tuesday, July 30th. BMO Capital Markets set a $60.00 price target on shares of Nutrien and gave the company a “buy” rating in a report on Wednesday, July 31st. Bank of America upgraded shares of Nutrien from an “underperform” rating to a “neutral” rating in a report on Friday, August 16th. UBS Group set a $62.00 price target on shares of Nutrien and gave the company a “buy” rating in a report on Tuesday, August 27th. Finally, ValuEngine lowered shares of Nutrien from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Nutrien has an average rating of “Buy” and a consensus price target of $61.54.
Nutrien Company Profile
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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