Hollencrest Capital Management trimmed its holdings in shares of Nutrien Ltd (NYSE:NTR) by 18.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,367 shares of the company’s stock after selling 1,000 shares during the quarter. Hollencrest Capital Management’s holdings in Nutrien were worth $230,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc increased its stake in Nutrien by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 16,810,545 shares of the company’s stock worth $969,968,000 after purchasing an additional 68,304 shares in the last quarter. FMR LLC grew its stake in shares of Nutrien by 12.3% during the 4th quarter. FMR LLC now owns 16,680,675 shares of the company’s stock worth $783,535,000 after acquiring an additional 1,824,741 shares in the last quarter. Boston Partners grew its stake in shares of Nutrien by 39.4% during the 1st quarter. Boston Partners now owns 12,584,872 shares of the company’s stock worth $663,978,000 after acquiring an additional 3,556,556 shares in the last quarter. TD Asset Management Inc. grew its stake in shares of Nutrien by 3.9% during the 1st quarter. TD Asset Management Inc. now owns 8,266,777 shares of the company’s stock worth $436,127,000 after acquiring an additional 309,354 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Nutrien by 4.4% during the 1st quarter. CIBC Asset Management Inc now owns 7,273,792 shares of the company’s stock worth $383,622,000 after acquiring an additional 309,472 shares in the last quarter. 66.51% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on NTR. Zacks Investment Research raised shares of Nutrien from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Raymond James reaffirmed a “strong-buy” rating and set a $70.00 price target on shares of Nutrien in a research note on Monday, May 13th. Cowen reaffirmed an “outperform” rating and set a $66.00 price target (down from $70.00) on shares of Nutrien in a research note on Wednesday, March 6th. Finally, Barclays reaffirmed a “buy” rating on shares of Nutrien in a research note on Sunday, February 10th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $61.50.
Nutrien (NYSE:NTR) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.71 billion. Nutrien had a net margin of 18.41% and a return on equity of 12.95%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS. Analysts forecast that Nutrien Ltd will post 2.97 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, June 27th. Nutrien’s dividend payout ratio is 63.94%.
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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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