Cornerstone Wealth Management LLC acquired a new position in Nutrien Ltd. (NYSE:NTR – Get Rating ) in the first quarter, Holdings Channel reports. The firm acquired 3,640 shares of the company’s stock, valued at approximately $379,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of NTR. Koshinski Asset Management Inc. increased its holdings in Nutrien by 120.7% during the 4th quarter. Koshinski Asset Management Inc. now owns 2,746 shares of the company’s stock valued at $206,000 after purchasing an additional 1,502 shares during the last quarter. Addenda Capital Inc. raised its stake in shares of Nutrien by 13.8% during the 4th quarter. Addenda Capital Inc. now owns 626,400 shares of the company’s stock valued at $59,922,000 after acquiring an additional 75,842 shares during the last quarter. Spire Wealth Management boosted its stake in shares of Nutrien by 82.2% in the 4th quarter. Spire Wealth Management now owns 2,970 shares of the company’s stock valued at $223,000 after acquiring an additional 1,340 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of Nutrien by 35.6% in the 4th quarter. Lindbrook Capital LLC now owns 1,054 shares of the company’s stock valued at $79,000 after acquiring an additional 277 shares in the last quarter. Finally, Addison Capital Co bought a new position in shares of Nutrien in the 4th quarter worth about $223,000. The institutional investors and hedge funds own 64.39% of the company’s stock.
Several research analysts have recently issued reports on the stock. Berenberg Bank set a $120.00 target price on shares of Nutrien in a research note on Friday, March 25th. Royal Bank of Canada boosted their price objective on shares of Nutrien from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 21st. Citigroup boosted their price objective on shares of Nutrien from $89.00 to $126.00 and gave the company a “buy” rating in a research note on Tuesday, March 22nd. initiated coverage on shares of Nutrien in a research note on Thursday, April 14th. They assign a “buy” rating to the company. Finally, JPMorgan Chase & Co. set a $120.00 target price on shares of Nutrien in a research note on Wednesday, May 4th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Moderate Buy” and an average target price of $110.06, according to MarketBeat.
Shares of Nutrien stock opened at $79.22 on Monday. Nutrien Ltd. has a 1-year low of $57.08 and a 1-year high of $117.25. The firm’s 50-day moving average is $93.35 and its 200-day moving average is $88.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 0.53. The stock has a market cap of $43.69 billion, a P/E ratio of 10.17, a PEG ratio of 0.58 and a beta of 0.95.
Nutrien (NYSE:NTR – Get Rating ) last announced its quarterly earnings results on Monday, May 2nd. The company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.11. The company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.77 billion. Nutrien had a net margin of 14.34% and a return on equity of 20.55%. As a group, equity analysts expect Nutrien Ltd. to post 16.93 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.48 per share. This represents an annual dividend of $1.92 and a yield of 2.42%. The ex-dividend date is Wednesday, June 29th. Nutrien’s payout ratio is currently 24.65%.
Nutritional profile (Get Rating)
Nutrien Ltd. provides plant raw materials and services. Offers potash, nitrogen, phosphate and sulfate products; and financial decisions. The company also distributes crop nutrients, plant protection products, seeds and commercial products through approximately 2,000 retail locations in the United States, Canada, South America and Australia.
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