Regal Investment Advisors LLC trimmed its holdings in Nutrien Ltd. (NYSE:NTR – Get Rating) by 16.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,964 shares of the company’s stock after selling 3,452 shares during the quarter. Regal Investment Advisors LLC’s holdings in Nutrien were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd increased its holdings in Nutrien by 61.7% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,563,128 shares of the company’s stock worth $343,147,000 after purchasing an additional 1,741,558 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Nutrien by 60.0% in the fourth quarter. Acadian Asset Management LLC now owns 9,600 shares of the company’s stock valued at $721,000 after acquiring an additional 3,600 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in shares of Nutrien by 221.7% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 14,800 shares of the company’s stock valued at $1,113,000 after acquiring an additional 10,200 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Nutrien by 5.6% in the fourth quarter. HighTower Advisors LLC now owns 54,930 shares of the company’s stock valued at $4,151,000 after acquiring an additional 2,892 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. grew its holdings in shares of Nutrien by 75.1% in the fourth quarter. PCJ Investment Counsel Ltd. now owns 97,345 shares of the company’s stock valued at $7,322,000 after acquiring an additional 41,750 shares in the last quarter. 64.39% of the stock is currently owned by institutional investors.
Shares of NTR stock traded up $3.54 on Friday, reaching $98.95. The company’s stock had a trading volume of 2,599,195 shares, compared to its average volume of 3,842,035. The company has a quick ratio of 0.53, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. Nutrien Ltd. has a 12-month low of $57.08 and a 12-month high of $117.25. The company has a market capitalization of $54.67 billion, a P/E ratio of 12.70, a PEG ratio of 0.75 and a beta of 0.87. The stock’s 50 day simple moving average is $102.90 and its 200-day simple moving average is $83.10.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were given a dividend of $0.48 per share. This is an increase from Nutrien’s previous quarterly dividend of $0.46. The ex-dividend date was Wednesday, March 30th. This represents a $1.92 dividend on an annualized basis and a yield of 1.94%. Nutrien’s dividend payout ratio (DPR) is presently 24.65%.
Several brokerages have weighed in on NTR. Stifel Nicolaus increased their price objective on Nutrien from $85.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, March 1st. Piper Sandler raised Nutrien from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $87.00 to $112.00 in a report on Monday, March 7th. Berenberg Bank set a $120.00 price objective on Nutrien in a report on Friday, March 25th. Royal Bank of Canada increased their price objective on Nutrien from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, April 21st. Finally, Raymond James increased their target price on Nutrien from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 4th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Nutrien has a consensus rating of “Buy” and an average price target of $102.20.
Nutrien Company Profile (Get Rating)
Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company 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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