Evergreen Capital Management LLC boosted its stake in Nutrien Ltd. (NYSE:NTR – Free Report) by 141.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 176,925 shares of the company’s stock after purchasing an additional 103,679 shares during the quarter. Evergreen Capital Management LLC’s holdings in Nutrien were worth $9,103,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Manning & Napier Advisors LLC purchased a new position in Nutrien during the second quarter valued at approximately $2,639,000. Vanguard Group Inc. increased its holdings in shares of Nutrien by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 18,210,375 shares of the company’s stock worth $1,025,790,000 after purchasing an additional 158,161 shares during the period. SG Americas Securities LLC raised its position in shares of Nutrien by 370.1% in the first quarter. SG Americas Securities LLC now owns 58,041 shares of the company’s stock worth $3,152,000 after buying an additional 45,695 shares in the last quarter. BNP Paribas purchased a new position in Nutrien during the first quarter worth about $1,146,000. Finally, Wellington Management Group LLP increased its stake in Nutrien by 54.3% in the 4th quarter. Wellington Management Group LLP now owns 841,144 shares of the company’s stock worth $47,620,000 after acquiring an additional 296,122 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.
Nutrien Trading Down 1.8 %
NYSE NTR opened at $47.06 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $63.60. The stock has a market cap of $23.28 billion, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 1.53 and a beta of 0.82. The stock has a 50 day simple moving average of $48.00 and a two-hundred day simple moving average of $51.86.
Nutrien Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Friday, September 27th. Nutrien’s payout ratio is currently 126.32%.
Wall Street Analyst Weigh In
NTR has been the subject of several recent analyst reports. BMO Capital Markets cut their price objective on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a research report on Friday. UBS Group reduced their target price on Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Hsbc Global Res cut Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company decreased their price objective on Nutrien from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Nutrien currently has an average rating of “Hold” and a consensus price target of $62.39.
View Our Latest Report on Nutrien
Nutrien Profile
Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.
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