Burns J W & Co. Inc. NY reduced its holdings in Nutrien Ltd (NYSE:NTR) by 2.5% in the 3rd quarter, Holdings Channel reports. The fund owned 56,336 shares of the company’s stock after selling 1,430 shares during the period. Burns J W & Co. Inc. NY’s holdings in Nutrien were worth $2,810,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in NTR. Manning & Napier Group LLC grew its holdings in Nutrien by 3.9% in the 3rd quarter. Manning & Napier Group LLC now owns 52,336 shares of the company’s stock valued at $2,610,000 after buying an additional 1,949 shares during the last quarter. Cardinal Capital Management Inc. grew its holdings in Nutrien by 1,038.5% in the 3rd quarter. Cardinal Capital Management Inc. now owns 5,920 shares of the company’s stock valued at $295,000 after buying an additional 5,400 shares during the last quarter. TIAA FSB acquired a new stake in Nutrien in the 3rd quarter valued at approximately $6,768,000. River & Mercantile Asset Management LLP acquired a new stake in shares of Nutrien during the 2nd quarter worth approximately $833,000. Finally, Natixis grew its holdings in shares of Nutrien by 27.9% during the 2nd quarter. Natixis now owns 8,716 shares of the company’s stock worth $467,000 after purchasing an additional 1,901 shares in the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.
NTR stock traded up $1.03 during trading on Friday, hitting $50.75. The company had a trading volume of 438,401 shares, compared to its average volume of 1,045,587. The company has a fifty day moving average price of $50.10 and a two-hundred day moving average price of $51.49. The company has a market cap of $27.73 billion, a P/E ratio of 18.87, a P/E/G ratio of 2.54 and a beta of 0.91. Nutrien Ltd has a fifty-two week low of $43.96 and a fifty-two week high of $57.97.
Nutrien (NYSE:NTR) last announced its quarterly earnings results on Monday, July 29th. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.01). The company had revenue of $8.66 billion during the quarter, compared to analyst estimates of $8.17 billion. Nutrien’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.48 earnings per share. As a group, analysts expect that Nutrien Ltd will post 2.38 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a $0.45 dividend. This is a positive change from Nutrien’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, September 27th. This represents a $1.80 annualized dividend and a yield of 3.55%. Nutrien’s payout ratio is currently 66.91%.
NTR has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Nutrien from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. ValuEngine raised Nutrien from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Consumer Edge initiated coverage on Nutrien in a report on Monday, September 23rd. They set an “overweight” rating and a $67.00 price objective on the stock. Citigroup set a $61.00 price objective on Nutrien and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets set a $60.00 price objective on Nutrien and gave the stock a “buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $61.60.
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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