Park Avenue Securities LLC Increases Stake in Nutrien Ltd. (NYSE:NTR)

Park Avenue Securities LLC increased its stake in Nutrien Ltd. (NYSE:NTRGet 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 (NYSE:NTRGet Rating) last issued its earnings results on Wednesday, November 2nd. The company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.92 by ($1.41). The business had revenue of $8.19 billion for the quarter, compared to analyst estimates of $9.02 billion. Nutrien had a return on equity of 29.68% and a net margin of 20.60%. On average, sell-side analysts expect that Nutrien Ltd. will post 13.52 EPS for the current fiscal year.

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.

About Nutrien

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding NTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutrien Ltd. (NYSE:NTRGet Rating).

Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

Receive News & Ratings for Nutrien Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutrien and related companies with MarketBeat.com's FREE daily email newsletter.