Liberty Wealth Management LLC boosted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 6,068.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,151 shares of the company’s stock after purchasing an additional 11,954 shares during the period. Liberty Wealth Management LLC’s holdings in Nutrien were worth $200,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Nutrien by 9.6% in the second quarter. FMR LLC now owns 20,045,807 shares of the company’s stock worth $1,214,622,000 after buying an additional 1,759,050 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Nutrien by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 17,676,880 shares of the company’s stock valued at $1,071,395,000 after acquiring an additional 219,324 shares during the period. TD Asset Management Inc. increased its position in shares of Nutrien by 7.5% in the 1st quarter. TD Asset Management Inc. now owns 10,324,902 shares of the company’s stock valued at $556,155,000 after acquiring an additional 723,945 shares during the period. Bank of Montreal Can raised its stake in Nutrien by 2.4% in the 1st quarter. Bank of Montreal Can now owns 10,223,183 shares of the company’s stock worth $559,003,000 after acquiring an additional 237,367 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Nutrien by 31.3% during the 2nd quarter. Deutsche Bank AG now owns 9,802,797 shares of the company’s stock worth $594,148,000 after acquiring an additional 2,336,902 shares during the period. Institutional investors and hedge funds own 61.47% of the company’s stock.
Several research analysts have recently issued reports on NTR shares. Bank of America raised their price objective on Nutrien from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, September 14th. TheStreet raised shares of Nutrien from a “c” rating to a “b-” rating in a research report on Monday, August 9th. Morgan Stanley upped their price objective on shares of Nutrien from $62.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, June 16th. Royal Bank of Canada increased their price objective on shares of Nutrien from $73.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 7th. Finally, Mizuho began coverage on shares of Nutrien in a research report on Tuesday. They set a “neutral” rating and a $70.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $71.64.
Nutrien (NYSE:NTR) last announced its quarterly earnings results on Monday, August 9th. The company reported $2.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($0.02). The business had revenue of $9.76 billion during the quarter, compared to analysts’ expectations of $9.65 billion. Nutrien had a net margin of 4.25% and a return on equity of 7.23%. Nutrien’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 EPS. Equities research analysts forecast that Nutrien Ltd. will post 4.66 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Wednesday, September 29th. Nutrien’s payout ratio is 102.22%.
Nutrien Company Profile
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.
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