Legacy Capital Partners Inc. decreased its position in Nutrien Ltd (NYSE:NTR) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,648 shares of the company’s stock after selling 212 shares during the quarter. Legacy Capital Partners Inc.’s holdings in Nutrien were worth $282,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NTR. Cascade Investment Advisors Inc. lifted its stake in shares of Nutrien by 5.8% during the third quarter. Cascade Investment Advisors Inc. now owns 33,653 shares of the company’s stock valued at $1,679,000 after acquiring an additional 1,844 shares during the period. Brinker Capital Inc. lifted its stake in Nutrien by 10.6% in the third quarter. Brinker Capital Inc. now owns 8,049 shares of the company’s stock valued at $402,000 after buying an additional 770 shares during the period. Stephens Inc. AR lifted its stake in Nutrien by 144.8% in the third quarter. Stephens Inc. AR now owns 17,728 shares of the company’s stock valued at $884,000 after buying an additional 10,486 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Nutrien by 13.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 549,425 shares of the company’s stock valued at $27,388,000 after buying an additional 64,419 shares during the period. Finally, Diversified Investment Strategies LLC acquired a new position in Nutrien in the third quarter valued at about $227,000. 65.38% of the stock is owned by institutional investors and hedge funds.
NTR has been the topic of several analyst reports. Stifel Nicolaus cut their target price on Nutrien from $63.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. JPMorgan Chase & Co. cut their target price on Nutrien from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Consumer Edge initiated coverage on Nutrien in a research note on Monday, September 23rd. They issued an “overweight” rating and a $67.00 target price on the stock. Scotiabank set a $60.00 target price on Nutrien and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, ValuEngine raised Nutrien from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $61.87.
Nutrien (NYSE:NTR) last released its quarterly earnings results on Monday, July 29th. The company reported $1.58 EPS for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.01). The firm had revenue of $8.66 billion during the quarter, compared to the consensus estimate of $8.17 billion. Nutrien’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.48 earnings per share. As a group, research analysts predict that Nutrien Ltd will post 2.38 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were given a dividend of $0.45 per share. The ex-dividend date was Friday, September 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.67%. This is a positive change from Nutrien’s previous quarterly dividend of $0.43. Nutrien’s dividend payout ratio (DPR) is currently 66.91%.
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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