Blueshift Asset Management LLC Makes New $521,000 Investment in Nutrien Ltd. (NYSE:NTR)

Blueshift Asset Management LLC purchased a new position in Nutrien Ltd. (NYSE:NTRFree Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 9,252 shares of the company’s stock, valued at approximately $521,000.

Several other institutional investors have also modified their holdings of NTR. NBC Securities Inc. acquired a new position in shares of Nutrien during the third quarter worth $58,000. Kestra Private Wealth Services LLC lifted its position in Nutrien by 6.0% in the third quarter. Kestra Private Wealth Services LLC now owns 8,684 shares of the company’s stock valued at $536,000 after acquiring an additional 493 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Nutrien by 21.4% in the third quarter. Oppenheimer & Co. Inc. now owns 16,652 shares of the company’s stock valued at $1,028,000 after acquiring an additional 2,936 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Nutrien in the third quarter valued at $1,116,000. Finally, Banque Cantonale Vaudoise lifted its position in Nutrien by 31.8% in the third quarter. Banque Cantonale Vaudoise now owns 2,692 shares of the company’s stock valued at $167,000 after acquiring an additional 650 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

NTR traded down $0.47 on Tuesday, hitting $57.20. 1,733,255 shares of the company were exchanged, compared to its average volume of 1,891,092. The business’s fifty day moving average is $55.50 and its 200 day moving average is $54.01. The firm has a market capitalization of $28.29 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. Nutrien Ltd. has a fifty-two week low of $47.90 and a fifty-two week high of $69.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.15.

Nutrien (NYSE:NTRGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.34 by $0.11. The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.38 billion. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. As a group, sell-side analysts anticipate that Nutrien Ltd. will post 3.9 EPS for the current year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 28th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, June 28th. Nutrien’s payout ratio is 126.32%.

Wall Street Analysts Forecast Growth

NTR has been the subject of a number of research reports. Scotiabank reduced their price target on shares of Nutrien from $67.00 to $66.00 and set an “outperform” rating for the company in a research report on Monday, May 13th. JPMorgan Chase & Co. cut shares of Nutrien from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $58.00 to $48.00 in a research report on Friday, February 23rd. Berenberg Bank raised shares of Nutrien from a “hold” rating to a “buy” rating and boosted their price target for the company from $60.00 to $66.00 in a research report on Monday, April 29th. TD Securities reduced their price target on shares of Nutrien from $75.00 to $67.00 and set a “buy” rating for the company in a research report on Tuesday, February 20th. Finally, Piper Sandler upped their target price on shares of Nutrien from $54.00 to $56.00 and gave the company an “underweight” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $67.32.

Get Our Latest Report on Nutrien

Nutrien Company Profile

(Free Report)

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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