Nutrien (NYSE:NTR) Hits New 1-Year Low at $58.01

Nutrien Ltd. (NYSE:NTR – Get Rating)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $58.01 and last traded at $58.22, with a volume of 333734 shares changing hands. The stock had previously closed at $60.26.

Analyst Ratings Changes

Several analysts have weighed in on NTR shares. Credit Suisse Group lowered their target price on Nutrien from $70.00 to $60.00 in a report on Thursday, May 11th. UBS Group lowered their target price on Nutrien from $100.00 to $99.00 and set a “buy” rating on the stock in a report on Thursday, April 6th. Scotiabank raised Nutrien from a “sector perform” rating to a “sector outperform” rating and lowered their target price for the company from $95.00 to $90.00 in a report on Monday, April 10th. JPMorgan Chase & Co. lowered their target price on Nutrien from $92.00 to $78.00 in a report on Friday, May 19th. Finally, BMO Capital Markets decreased their price objective on Nutrien from $110.00 to $90.00 in a research note on Tuesday, May 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Nutrien presently has an average rating of “Hold” and an average price target of $80.35.

Nutrien Price Performance

The company has a 50-day moving average of $68.53 and a two-hundred day moving average of $74.32. The stock has a market capitalization of $27.96 billion, a PE ratio of 4.42, a P/E/G ratio of 0.98 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.54.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, June 29th. This represents a $2.12 annualized dividend and a yield of 3.76%. Nutrien’s dividend payout ratio (DPR) is presently 16.64%.

Hedge Funds Weigh In On Nutrien

Several large investors have recently added to or reduced their stakes in NTR. Zions Bancorporation N.A. raised its holdings in shares of Nutrien by 55.2% in the 1st quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock worth $31,000 after purchasing an additional 107 shares during the period. Centaurus Financial Inc. raised its holdings in shares of Nutrien by 0.9% in the 1st quarter. Centaurus Financial Inc. now owns 14,626 shares of the company’s stock worth $1,521,000 after purchasing an additional 132 shares during the period. Armstrong Henry H Associates Inc. raised its holdings in shares of Nutrien by 3.1% in the 4th quarter. Armstrong Henry H Associates Inc. now owns 4,483 shares of the company’s stock worth $327,000 after purchasing an additional 135 shares during the period. Gould Asset Management LLC CA raised its holdings in shares of Nutrien by 4.9% in the 4th quarter. Gould Asset Management LLC CA now owns 2,893 shares of the company’s stock worth $211,000 after purchasing an additional 135 shares during the period. Finally, SVB Wealth LLC raised its holdings in shares of Nutrien by 2.1% in the 3rd quarter. SVB Wealth LLC now owns 6,946 shares of the company’s stock worth $579,000 after purchasing an additional 141 shares during the period. 64.52% of the stock is currently owned by hedge funds and other institutional investors.

About Nutrien

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Nutrien Ltd. is a crop nutrient company, which engages in the production and distribution of products for agricultural, industrial, and feed customer. It operates through the following segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seed, and merchandise.