Manning & Napier Group LLC acquired a new stake in Nutrien Ltd. (NYSE:NTR – Get Rating) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 33,309 shares of the company’s stock, valued at approximately $2,654,000.
A number of other institutional investors have also made changes to their positions in the stock. Caliber Wealth Management LLC bought a new position in shares of Nutrien in the 2nd quarter valued at approximately $658,000. Paradiem LLC bought a new position in Nutrien in the 2nd quarter worth approximately $729,000. CVA Family Office LLC bought a new position in Nutrien in the 2nd quarter worth approximately $80,000. Capital Market Strategies LLC increased its position in Nutrien by 10.0% in the 2nd quarter. Capital Market Strategies LLC now owns 3,286 shares of the company’s stock worth $262,000 after buying an additional 300 shares during the period. Finally, J.W. Cole Advisors Inc. increased its position in Nutrien by 68.9% in the 1st quarter. J.W. Cole Advisors Inc. now owns 6,255 shares of the company’s stock worth $650,000 after buying an additional 2,551 shares during the period. 63.51% of the stock is owned by institutional investors.
Nutrien Price Performance
Shares of NTR stock opened at $88.68 on Thursday. The stock’s fifty day simple moving average is $87.98 and its 200 day simple moving average is $93.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.21 and a quick ratio of 0.75. The firm has a market cap of $47.82 billion, a price-to-earnings ratio of 7.17, a P/E/G ratio of 0.69 and a beta of 0.90. Nutrien Ltd. has a one year low of $62.76 and a one year high of $117.25.
Nutrien Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, September 29th. Nutrien’s dividend payout ratio is 15.53%.
Analysts Set New Price Targets
Several research analysts have commented on the company. Credit Suisse Group lifted their price target on Nutrien from $67.00 to $70.00 and gave the stock an “underperform” rating in a research report on Thursday, August 4th. Barclays dropped their price target on Nutrien from $126.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 10th. Royal Bank of Canada set a $135.00 price target on Nutrien in a research report on Wednesday, July 13th. Piper Sandler lifted their price target on Nutrien from $112.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 31st. Finally, Scotiabank raised Nutrien from a “sector perform” rating to a “sector outperform” rating and dropped their price target for the stock from $118.00 to $110.00 in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.75.
Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.
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