Signaturefd LLC reduced its holdings in shares of Nutrien Ltd (NYSE:NTR) by 30.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,769 shares of the company’s stock after selling 1,200 shares during the period. Signaturefd LLC’s holdings in Nutrien were worth $148,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in NTR. Birch Hill Investment Advisors LLC increased its position in shares of Nutrien by 8.5% in the 2nd quarter. Birch Hill Investment Advisors LLC now owns 312,747 shares of the company’s stock valued at $16,719,000 after purchasing an additional 24,610 shares during the last quarter. Moerus Capital Management LLC boosted its holdings in shares of Nutrien by 9.3% in the 1st quarter. Moerus Capital Management LLC now owns 642,206 shares of the company’s stock valued at $33,883,000 after buying an additional 54,763 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Nutrien by 94.6% in the 1st quarter. Toronto Dominion Bank now owns 5,494,159 shares of the company’s stock valued at $289,969,000 after buying an additional 2,671,293 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Nutrien by 23.2% in the 1st quarter. US Bancorp DE now owns 65,279 shares of the company’s stock valued at $3,445,000 after buying an additional 12,285 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Nutrien in the 1st quarter valued at $736,000. 68.37% of the stock is currently owned by institutional investors.
Several brokerages have recently issued reports on NTR. Bank of America upgraded shares of Nutrien from an “underperform” rating to a “neutral” rating in a report on Friday. BMO Capital Markets set a $60.00 target price on shares of Nutrien and gave the company a “buy” rating in a report on Wednesday, July 31st. Cowen restated an “outperform” rating and issued a $63.00 target price (down previously from $66.00) on shares of Nutrien in a report on Tuesday, April 23rd. Raymond James restated a “strong-buy” rating and issued a $70.00 target price on shares of Nutrien in a report on Tuesday, July 30th. Finally, Citigroup set a $61.00 target price on shares of Nutrien and gave the company a “buy” rating in a report on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Nutrien has an average rating of “Buy” and an average target price of $62.00.
Nutrien (NYSE:NTR) last issued its quarterly earnings results on Monday, July 29th. The company reported $1.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.01). The company had revenue of $8.66 billion for the quarter, compared to analysts’ expectations of $8.17 billion. Nutrien’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 EPS. Analysts anticipate that Nutrien Ltd will post 2.85 earnings per share for the current fiscal year.
The firm 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 dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.80 dividend on an annualized basis and a yield of 3.64%. This is a boost from Nutrien’s previous quarterly dividend of $0.43. Nutrien’s dividend payout ratio is currently 63.94%.
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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