IFG Advisory LLC bought a new position in shares of Nutrien Ltd (NYSE:NTR) in the third quarter, HoldingsChannel.com reports. The fund bought 8,322 shares of the company’s stock, valued at approximately $480,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of NTR. Pennsylvania Trust Co purchased a new stake in shares of Nutrien during the 2nd quarter valued at approximately $253,000. Addenda Capital Inc. raised its position in shares of Nutrien by 37.0% during the 2nd quarter. Addenda Capital Inc. now owns 315,019 shares of the company’s stock valued at $17,255,000 after buying an additional 85,080 shares during the period. Nwam LLC raised its position in shares of Nutrien by 44.2% during the 2nd quarter. Nwam LLC now owns 9,082 shares of the company’s stock valued at $494,000 after buying an additional 2,785 shares during the period. Essex Investment Management Co. LLC raised its position in shares of Nutrien by 69.3% during the 2nd quarter. Essex Investment Management Co. LLC now owns 22,493 shares of the company’s stock valued at $1,223,000 after buying an additional 9,205 shares during the period. Finally, Jolley Asset Management LLC purchased a new stake in Nutrien in the second quarter valued at approximately $256,000. 66.65% of the stock is owned by institutional investors.
A number of analysts have issued reports on NTR shares. Zacks Investment Research raised Nutrien from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Wednesday, July 25th. Scotiabank reissued a “buy” rating and issued a $65.00 target price on shares of Nutrien in a research report on Friday, August 3rd. Royal Bank of Canada set a $63.00 target price on Nutrien and gave the company a “buy” rating in a research report on Thursday, August 2nd. Stephens set a $64.00 target price on Nutrien and gave the company a “buy” rating in a research report on Monday, August 6th. Finally, UBS Group boosted their target price on Nutrien from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $63.12.
Nutrien (NYSE:NTR) last posted its quarterly earnings results on Monday, November 5th. The company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.83 billion. Nutrien had a net margin of 1.74% and a return on equity of 12.95%. The business’s revenue for the quarter was up 226.9% on a year-over-year basis. Sell-side analysts forecast that Nutrien Ltd will post 2.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Monday, December 31st will be paid a $0.43 dividend. This is an increase from Nutrien’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.72 annualized dividend and a dividend yield of 3.06%.
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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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