D.A. Davidson & CO. trimmed its holdings in Nutrien Ltd (NYSE:NTR) by 48.2% in the 4th quarter, HoldingsChannel reports. The fund owned 21,516 shares of the company’s stock after selling 20,009 shares during the quarter. D.A. Davidson & CO.’s holdings in Nutrien were worth $1,011,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of NTR. Schroder Investment Management Group grew its position in Nutrien by 252.4% in the third quarter. Schroder Investment Management Group now owns 7,680,426 shares of the company’s stock worth $543,168,000 after acquiring an additional 5,501,161 shares in the last quarter. Bank of New York Mellon Corp grew its position in Nutrien by 64.4% in the third quarter. Bank of New York Mellon Corp now owns 1,960,391 shares of the company’s stock worth $113,116,000 after acquiring an additional 768,242 shares in the last quarter. Artemis Investment Management LLP bought a new stake in Nutrien in the third quarter worth approximately $30,697,000. SG Capital Management LLC bought a new stake in Nutrien in the third quarter worth approximately $17,411,000. Finally, Pictet Asset Management Ltd. grew its position in Nutrien by 10,650.3% in the third quarter. Pictet Asset Management Ltd. now owns 245,107 shares of the company’s stock worth $14,142,000 after acquiring an additional 242,827 shares in the last quarter. 66.30% of the stock is owned by institutional investors.
NYSE NTR opened at $51.96 on Wednesday. Nutrien Ltd has a 1 year low of $40.41 and a 1 year high of $58.99.
Nutrien (NYSE:NTR) last posted its quarterly earnings data on Monday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.83 billion. Nutrien had a net margin of 1.74% and a return on equity of 12.95%. Nutrien’s quarterly revenue was up 226.9% on a year-over-year basis. Research analysts expect that Nutrien Ltd will post 2.64 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Friday, March 29th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Thursday, March 28th.
Several analysts have commented on the stock. Zacks Investment Research downgraded shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. BMO Capital Markets raised shares of Nutrien from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. Citigroup decreased their target price on shares of Nutrien from $66.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, January 7th. JPMorgan Chase & Co. assumed coverage on shares of Nutrien in a research report on Thursday, December 13th. They issued a “neutral” rating and a $50.00 target price for the company. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $56.00 target price on shares of Nutrien in a research report on Wednesday, December 12th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $61.94.
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Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.
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