Mid Atlantic Financial Management Inc. ADV boosted its position in Nutrien Ltd (NYSE:NTR) by 22.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,785 shares of the company’s stock after buying an additional 862 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in Nutrien were worth $256,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Boston Partners boosted its position in shares of Nutrien by 39.4% during the 1st quarter. Boston Partners now owns 12,584,872 shares of the company’s stock worth $663,978,000 after purchasing an additional 3,556,556 shares in the last quarter. Cambiar Investors LLC purchased a new stake in shares of Nutrien during the 2nd quarter worth $166,998,000. Toronto Dominion Bank boosted its position in shares of Nutrien by 94.6% during the 1st quarter. Toronto Dominion Bank now owns 5,494,159 shares of the company’s stock worth $289,969,000 after purchasing an additional 2,671,293 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of Nutrien during the 1st quarter worth $74,114,000. Finally, Thornburg Investment Management Inc. boosted its position in shares of Nutrien by 91.7% in the 1st quarter. Thornburg Investment Management Inc. now owns 1,426,652 shares of the company’s stock worth $75,270,000 after buying an additional 682,387 shares in the last quarter. Hedge funds and other institutional investors own 66.63% of the company’s stock.
Several research firms recently commented on NTR. Citigroup set a $61.00 price objective on shares of Nutrien and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Bank of America upgraded shares of Nutrien from an “underperform” rating to a “neutral” rating in a research report on Friday, August 16th. UBS Group set a $62.00 price objective on shares of Nutrien and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets set a $60.00 price objective on shares of Nutrien and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Raymond James reissued a “strong-buy” rating and issued a $70.00 target price on shares of Nutrien in a research note on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $61.73.
Nutrien (NYSE:NTR) last posted its quarterly earnings data on Monday, July 29th. The company reported $1.58 EPS for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.01). The firm had revenue of $8.66 billion for the quarter, compared to the consensus estimate of $8.17 billion. During the same period in the prior year, the company posted $1.48 earnings per share. Nutrien’s revenue was up 6.8% on a year-over-year basis. On average, analysts expect that Nutrien Ltd will post 2.85 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Nutrien’s previous quarterly dividend of $0.43. Nutrien’s dividend payout ratio is 63.94%.
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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