JCIC Asset Management Inc. trimmed its position in shares of Nutrien Ltd (NYSE:NTR) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,857 shares of the company’s stock after selling 2,950 shares during the period. Nutrien comprises 2.1% of JCIC Asset Management Inc.’s investment portfolio, making the stock its 19th largest position. JCIC Asset Management Inc.’s holdings in Nutrien were worth $5,449,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NTR. Sprott Inc. grew its position in Nutrien by 4.4% during the 2nd quarter. Sprott Inc. now owns 7,546 shares of the company’s stock worth $403,000 after acquiring an additional 315 shares during the last quarter. Commonwealth Bank of Australia grew its position in Nutrien by 46.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,318 shares of the company’s stock worth $69,000 after acquiring an additional 416 shares during the last quarter. HM Capital Management LLC grew its position in Nutrien by 1.3% during the 3rd quarter. HM Capital Management LLC now owns 42,081 shares of the company’s stock worth $2,099,000 after acquiring an additional 535 shares during the last quarter. Hancock Whitney Corp grew its position in Nutrien by 9.5% during the 3rd quarter. Hancock Whitney Corp now owns 6,770 shares of the company’s stock worth $338,000 after acquiring an additional 586 shares during the last quarter. Finally, AE Wealth Management LLC grew its position in Nutrien by 2.2% during the 3rd quarter. AE Wealth Management LLC now owns 31,632 shares of the company’s stock worth $1,578,000 after acquiring an additional 668 shares during the last quarter. 63.88% of the stock is currently owned by institutional investors.
Several research firms recently issued reports on NTR. Consumer Edge began coverage on Nutrien in a research report on Monday, September 23rd. They set an “overweight” rating and a $67.00 price target on the stock. Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Monday, November 25th. Scotiabank set a $60.00 price target on Nutrien and gave the stock a “buy” rating in a research report on Thursday, September 26th. Stifel Nicolaus reduced their price target on Nutrien from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. reduced their price target on Nutrien from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.69.
Shares of NTR stock traded down $0.01 during trading hours on Monday, reaching $47.20. The company’s stock had a trading volume of 1,758 shares, compared to its average volume of 1,015,077. The stock has a market capitalization of $27.05 billion, a P/E ratio of 17.64, a P/E/G ratio of 1.92 and a beta of 0.90. Nutrien Ltd has a one year low of $45.82 and a one year high of $56.00. The firm’s fifty day simple moving average is $47.48 and its 200 day simple moving average is $49.75. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41.
Nutrien (NYSE:NTR) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.12). The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.02 billion. Nutrien had a return on equity of 6.49% and a net margin of 20.95%. Nutrien’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share. As a group, equities research analysts forecast that Nutrien Ltd will post 2.26 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.81%. Nutrien’s dividend payout ratio is currently 66.91%.
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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