Waratah Capital Advisors Ltd. bought a new stake in shares of Nutrien Ltd. (NYSE:NTR – Get Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 147,434 shares of the company’s stock, valued at approximately $15,236,000.
Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Nutrien during the fourth quarter valued at approximately $381,038,000. Black Creek Investment Management Inc. bought a new stake in shares of Nutrien during the fourth quarter valued at approximately $381,254,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Nutrien by 61.7% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,563,128 shares of the company’s stock valued at $343,147,000 after purchasing an additional 1,741,558 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Nutrien during the first quarter valued at approximately $144,541,000. Finally, Alberta Investment Management Corp boosted its position in shares of Nutrien by 93.3% during the fourth quarter. Alberta Investment Management Corp now owns 1,874,204 shares of the company’s stock valued at $141,075,000 after purchasing an additional 904,521 shares in the last quarter. 64.39% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
NTR has been the topic of several analyst reports. JPMorgan Chase & Co. set a $120.00 target price on Nutrien in a report on Wednesday, May 4th. Mizuho boosted their target price on Nutrien from $94.00 to $124.00 in a report on Friday, April 29th. Barclays set a $126.00 target price on Nutrien in a report on Monday, June 13th. Piper Sandler boosted their target price on Nutrien from $112.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. Finally, initiated coverage on Nutrien in a report on Thursday, April 14th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Moderate Buy” and an average price target of $106.72.
Nutrien Price Performance
Nutrien Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, September 29th. Nutrien’s dividend payout ratio (DPR) is 15.53%.
Nutrien Company Profile
Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company 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.
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