Tyler Stone Wealth Management boosted its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 128.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,170 shares of the company's stock after purchasing an additional 12,485 shares during the quarter. Tyler Stone Wealth Management's holdings in Nutrien were worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of NTR. Central Pacific Bank Trust Division bought a new position in shares of Nutrien in the third quarter worth $28,000. Family Firm Inc. purchased a new stake in shares of Nutrien in the 2nd quarter valued at about $32,000. Trust Co. of Vermont boosted its position in shares of Nutrien by 50.0% during the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company's stock valued at $46,000 after acquiring an additional 300 shares during the last quarter. Covestor Ltd grew its holdings in shares of Nutrien by 33.3% during the first quarter. Covestor Ltd now owns 932 shares of the company's stock worth $50,000 after purchasing an additional 233 shares in the last quarter. Finally, Andra AP fonden bought a new position in shares of Nutrien in the second quarter worth approximately $51,000. 63.10% of the stock is owned by institutional investors.
A number of equities analysts have commented on NTR shares. BMO Capital Markets cut their price target on shares of Nutrien from $80.00 to $75.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. Barclays cut their target price on shares of Nutrien from $68.00 to $55.00 and set an "overweight" rating for the company in a research report on Friday, August 16th. Wells Fargo & Company downgraded Nutrien from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $62.00 to $50.00 in a research report on Tuesday, September 24th. UBS Group lowered Nutrien from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $66.00 to $51.00 in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group lowered Nutrien from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $60.44.
View Our Latest Analysis on Nutrien
Nutrien stock traded down $0.62 during trading hours on Friday, reaching $48.32. The stock had a trading volume of 2,325,769 shares, compared to its average volume of 1,951,724. The stock has a market cap of $23.86 billion, a PE ratio of 32.43, a PEG ratio of 1.62 and a beta of 0.82. The company has a fifty day simple moving average of $47.98 and a 200-day simple moving average of $50.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. Nutrien Ltd. has a 52 week low of $44.65 and a 52 week high of $60.87.
Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business had revenue of $5.35 billion for the quarter, compared to analysts' expectations of $5.26 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. Analysts forecast that Nutrien Ltd. will post 3.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.77%. The ex-dividend date is Tuesday, December 31st. This is an increase from Nutrien's previous quarterly dividend of $0.54. Nutrien's dividend payout ratio is currently 144.97%.
Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.
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