Bokf Na lessened its stake in shares of Nutrien Ltd (NYSE:NTR) by 16.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 30,261 shares of the company’s stock after selling 5,778 shares during the period. Bokf Na’s holdings in Nutrien were worth $1,423,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc boosted its stake in shares of Nutrien by 0.4% in the third quarter. Vanguard Group Inc now owns 16,810,545 shares of the company’s stock worth $969,968,000 after acquiring an additional 68,304 shares during the period. FMR LLC boosted its stake in shares of Nutrien by 0.3% in the third quarter. FMR LLC now owns 14,855,934 shares of the company’s stock worth $857,760,000 after acquiring an additional 47,376 shares during the period. Boston Partners boosted its stake in shares of Nutrien by 1.8% in the fourth quarter. Boston Partners now owns 9,028,316 shares of the company’s stock worth $424,331,000 after acquiring an additional 155,876 shares during the period. Schroder Investment Management Group boosted its stake in shares of Nutrien by 252.4% in the third quarter. Schroder Investment Management Group now owns 7,680,426 shares of the company’s stock worth $543,168,000 after acquiring an additional 5,501,161 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of Nutrien by 2.1% in the fourth quarter. CIBC Asset Management Inc now owns 6,964,320 shares of the company’s stock worth $327,188,000 after acquiring an additional 142,832 shares during the period. 65.74% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Nutrien from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Raymond James reaffirmed a “strong-buy” rating and issued a $70.00 price objective on shares of Nutrien in a research note on Thursday. Cowen reaffirmed an “outperform” rating and issued a $66.00 price objective (down previously from $70.00) on shares of Nutrien in a research note on Wednesday, March 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $56.00 price objective on shares of Nutrien in a research note on Wednesday, December 12th. Finally, JPMorgan Chase & Co. assumed coverage on Nutrien in a research note on Thursday, December 13th. They issued a “neutral” rating and a $50.00 price objective for the company. Seven 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 stock. The stock presently has an average rating of “Buy” and an average target price of $61.69.
Shares of Nutrien stock opened at $53.50 on Friday. Nutrien Ltd has a 12 month low of $43.96 and a 12 month high of $58.99. The company has a market cap of $32.42 billion, a P/E ratio of 19.89, a PEG ratio of 1.69 and a beta of 0.79.
Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, February 6th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. Nutrien had a return on equity of 12.95% and a net margin of 18.20%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.61 billion. Nutrien’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts anticipate that Nutrien Ltd will post 3.02 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Friday, March 29th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, March 28th. Nutrien’s payout ratio is presently 63.94%.
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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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