Van Strum & Towne Inc. decreased its position in Nutrien Ltd. (NYSE:NTR) by 2.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 9,895 shares of the company’s stock after selling 230 shares during the period. Van Strum & Towne Inc.’s holdings in Nutrien were worth $533,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vigilant Capital Management LLC bought a new stake in shares of Nutrien during the 1st quarter worth approximately $25,000. Jackson Grant Investment Advisers Inc. bought a new stake in Nutrien in the 1st quarter valued at $27,000. Meeder Asset Management Inc. bought a new stake in Nutrien in the 1st quarter valued at $29,000. Capital Asset Advisory Services LLC bought a new stake in Nutrien in the 4th quarter valued at $30,000. Finally, First Command Bank raised its stake in Nutrien by 650.0% in the 1st quarter. First Command Bank now owns 600 shares of the company’s stock valued at $32,000 after acquiring an additional 520 shares during the period. Hedge funds and other institutional investors own 61.86% of the company’s stock.
NTR opened at $60.54 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.85 and a current ratio of 1.39. Nutrien Ltd. has a 52-week low of $30.56 and a 52-week high of $62.37. The firm has a market cap of $34.52 billion, a P/E ratio of 356.12, a price-to-earnings-growth ratio of 3.01 and a beta of 0.90. The business’s fifty day moving average is $56.09 and its 200-day moving average is $51.80.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Investors of record on Wednesday, March 31st were given a dividend of $0.46 per share. This is an increase from Nutrien’s previous quarterly dividend of $0.35. This represents a $1.84 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Tuesday, March 30th. Nutrien’s dividend payout ratio is currently 82.95%.
A number of equities research analysts recently weighed in on NTR shares. Zacks Investment Research cut Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 12th. JPMorgan Chase & Co. upped their price objective on Nutrien from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, May 5th. Morgan Stanley upped their price objective on Nutrien from $56.00 to $62.00 and gave the company an “equal weight” rating in a report on Monday, May 10th. Credit Suisse Group upped their price objective on Nutrien from $51.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, February 25th. Finally, HSBC reaffirmed a “hold” rating on shares of Nutrien in a report on Monday, March 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $59.89.
Nutrien Ltd. provides crop inputs, services, and solutions. The company offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. It 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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