Harel Insurance Investments & Financial Services Ltd. is reducing its position in Nutrien Ltd. (NYSE:NTR)


Harel Insurance Investments & Financial Services Ltd. reduced its stake in Nutrien Ltd shares. (NYSE:NTR – Get Rating ) by 37.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 500 shares of the company’s stock after selling 300 shares during the period. The holdings of Harel Insurance Investments & Financial Services Ltd. in Nutrien were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of NTR. Kestra Advisory Services LLC boosted its holdings in shares of Nutrien by 50.2% in the 4th quarter. Kestra Advisory Services LLC now owns 7,806 shares of the company’s stock worth $587,000 after acquiring an additional 2,608 shares during the period. Gulf International Bank UK Ltd boosted its holdings in shares of Nutrien by 2.9% during the 4th quarter. Gulf International Bank UK Ltd now owns 7,785 shares of the company’s stock valued at $585,000 after acquiring an additional 220 shares during the period. JW Cole Advisors Inc. purchased a new position in shares of Nutrien during the 4th quarter valued at $279,000. Regentatlantic Capital LLC purchased a new position in shares of Nutrien during the 4th quarter valued at $220,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Nutrien by 35.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 89,645 shares of the company’s stock worth $6,741,000 after acquiring an additional 23,279 shares during the period. Hedge funds and other institutional investors own 64.39% of the company’s shares.

Changes in analyst ratings

Several brokerages have recently issued reports on NTR. Barclays set a $126.00 target price on shares of Nutrien in a report on Monday, June 13th. Piper Sandler boosted their price objective on shares of Nutrien from $112.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, May 31st. Royal Bank of Canada set a $135.00 target price on shares of Nutrien in a report on Wednesday, July 13th. started coverage on shares of Nutrien in a report on Thursday, April 14th. They issued a “buy” rating on the stock. Finally, Scotiabank lowered shares of Nutrien from a “sector outperform” rating to a “sector perform” rating in a report on Monday, March 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. Nutrien currently has an average rating of “Moderate Buy” and a consensus target price of $107.67, based on data from MarketBeat.

Efficiency of nutrient stocks

Shares of Nutrien stock opened at $78.32 on Monday. Nutrien Ltd. has a one year low of $57.45 and a one year high of $117.25. The company has a market cap of $43.07 billion, a PE ratio of 10.05, a P/E/G ratio of 0.58 and a beta of 0.95. The company has a debt-to-equity ratio of 0.31, a quick earnings ratio of 0.53 and a current ratio of 1.14. The business has a 50-day simple moving average of $86.26 and a 200-day simple moving average of $88.95.

Nutrien (NYSE:NTR – Get Rating ) last announced its quarterly earnings data on Monday, May 2nd. The company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.11. Nutrien has a return on equity of 20.55% and a net margin of 14.34%. The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.77 billion. On average, equities analysts predict that Nutrien Ltd. will post 16.92 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a dividend of $0.48 per share. This represents a $1.92 annual dividend and a yield of 2.45%. The ex-dividend date was Wednesday, June 29th. Nutrien’s payout ratio is 24.65%.

About Nutrien

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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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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)



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