Park Avenue Securities LLC increased its stake in Nutrien Ltd. (NYSE:NTR – Get Rating) by 11.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,707 shares of the company’s stock after purchasing an additional 375 shares during the period. Park Avenue Securities LLC’s holdings in Nutrien were worth $311,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Nutrien by 129.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 14,092,814 shares of the company’s stock valued at $1,123,056,000 after buying an additional 7,949,254 shares during the last quarter. Capital International Investors purchased a new stake in Nutrien during the 1st quarter valued at about $521,017,000. BlackRock Inc. raised its stake in shares of Nutrien by 79.6% in the first quarter. BlackRock Inc. now owns 3,490,036 shares of the company’s stock worth $362,929,000 after purchasing an additional 1,547,030 shares during the last quarter. FMR LLC lifted its holdings in shares of Nutrien by 4.7% during the second quarter. FMR LLC now owns 26,564,768 shares of the company’s stock worth $2,115,774,000 after purchasing an additional 1,194,557 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Nutrien in the second quarter valued at approximately $94,164,000. Hedge funds and other institutional investors own 64.52% of the company’s stock.
Nutrien Stock Up 3.4 %
Nutrien stock opened at $78.82 on Monday. The stock has a market cap of $40.03 billion, a PE ratio of 5.61, a P/E/G ratio of 0.85 and a beta of 0.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.15 and a quick ratio of 0.70. The stock’s fifty day moving average is $76.43 and its two-hundred day moving average is $81.90. Nutrien Ltd. has a 1-year low of $67.41 and a 1-year high of $117.25.
Nutrien Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, December 29th. Nutrien’s dividend payout ratio (DPR) is 13.67%.
Analysts Set New Price Targets
Several brokerages have commented on NTR. UBS Group set a $103.00 price objective on shares of Nutrien and gave the company a “buy” rating in a research note on Wednesday, January 11th. Raymond James lowered their price target on shares of Nutrien from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 13th. HSBC lowered Nutrien from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. Scotiabank cut Nutrien from a “sector outperform” rating to a “sector perform” rating and set a $110.00 price target for the company. in a research report on Thursday, November 3rd. Finally, BMO Capital Markets decreased their target price on shares of Nutrien from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, November 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.06.
Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.
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