Baird Financial Group Inc. boosted its stake in Nutrien Ltd (NYSE:NTR) by 6.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,826 shares of the company’s stock after buying an additional 8,484 shares during the quarter. Baird Financial Group Inc.’s holdings in Nutrien were worth $8,807,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Great West Life Assurance Co. Can boosted its stake in Nutrien by 1.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 5,110,815 shares of the company’s stock valued at $278,927,000 after buying an additional 95,380 shares in the last quarter. Bank of Nova Scotia boosted its stake in Nutrien by 4.9% in the 2nd quarter. Bank of Nova Scotia now owns 2,536,579 shares of the company’s stock valued at $137,340,000 after buying an additional 118,546 shares in the last quarter. Morgan Stanley boosted its stake in Nutrien by 2.9% in the 2nd quarter. Morgan Stanley now owns 1,599,898 shares of the company’s stock valued at $87,002,000 after buying an additional 45,417 shares in the last quarter. IFP Advisors Inc boosted its stake in Nutrien by 63.9% in the 3rd quarter. IFP Advisors Inc now owns 3,630 shares of the company’s stock valued at $209,000 after buying an additional 1,415 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Nutrien by 8.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 39,340 shares of the company’s stock valued at $2,140,000 after buying an additional 3,088 shares in the last quarter. 66.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of NTR opened at $51.56 on Monday. Nutrien Ltd has a 12-month low of $40.41 and a 12-month high of $58.99. The firm has a market cap of $31.56 billion, a PE ratio of 41.25, a PEG ratio of 1.85 and a beta of 0.76.
Nutrien (NYSE:NTR) last issued its quarterly earnings results on Monday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. Nutrien had a return on equity of 12.95% and a net margin of 1.74%. The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.83 billion. The business’s revenue for the quarter was up 226.9% compared to the same quarter last year. Analysts forecast that Nutrien Ltd will post 2.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, December 28th. This is a positive change from Nutrien’s previous quarterly dividend of $0.40.
NTR has been the topic of several recent analyst reports. Macquarie boosted their price target on Nutrien from $59.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, October 12th. BMO Capital Markets reissued a “hold” rating and issued a $55.00 price objective on shares of Nutrien in a research note on Wednesday, September 19th. Credit Suisse Group set a $55.00 price objective on Nutrien and gave the stock a “hold” rating in a research note on Wednesday, November 7th. Zacks Investment Research lowered Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, August 18th. Finally, Stephens set a $68.00 price objective on Nutrien and gave the stock a “buy” rating in a research note on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $62.67.
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Nutrien Company Profile
Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.
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