Wells Fargo & Company MN Has $12.70 Million Position in Nutrien Ltd. (NYSE:NTR)

Wells Fargo & Company MN cut its stake in shares of Nutrien Ltd. (NYSE:NTRFree Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,160 shares of the company’s stock after selling 16,820 shares during the quarter. Wells Fargo & Company MN’s holdings in Nutrien were worth $12,697,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Hillsdale Investment Management Inc. boosted its position in shares of Nutrien by 15.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 3,700 shares of the company’s stock worth $209,000 after purchasing an additional 500 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Nutrien by 3.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,332 shares of the company’s stock worth $807,000 after acquiring an additional 432 shares in the last quarter. Norges Bank acquired a new stake in Nutrien in the fourth quarter valued at approximately $332,716,000. Panagora Asset Management Inc. acquired a new stake in Nutrien in the fourth quarter valued at approximately $268,000. Finally, First Eagle Investment Management LLC increased its holdings in shares of Nutrien by 2.8% during the fourth quarter. First Eagle Investment Management LLC now owns 9,520,903 shares of the company’s stock valued at $536,313,000 after acquiring an additional 258,244 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Performance

NYSE NTR opened at $58.61 on Monday. The company has a market capitalization of $28.99 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.15. Nutrien Ltd. has a 52-week low of $47.90 and a 52-week high of $69.12. The company has a 50-day simple moving average of $55.32 and a 200 day simple moving average of $54.00.

Nutrien (NYSE:NTRGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. The company had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.38 billion. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. On average, research analysts predict that Nutrien Ltd. will post 3.9 EPS for the current year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 28th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.69%. Nutrien’s dividend payout ratio is presently 126.32%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NTR shares. Royal Bank of Canada cut their target price on Nutrien from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Mizuho raised their price objective on shares of Nutrien from $54.00 to $56.00 and gave the company an “underweight” rating in a research note on Friday, May 17th. Berenberg Bank raised shares of Nutrien from a “hold” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $66.00 in a research report on Monday, April 29th. CIBC dropped their price target on shares of Nutrien from $87.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Finally, Jefferies Financial Group began coverage on Nutrien in a research note on Tuesday, March 26th. They set a “buy” rating and a $62.00 price target for the company. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Nutrien has an average rating of “Hold” and a consensus target price of $67.32.

Read Our Latest Analysis on Nutrien

Nutrien Profile

(Free Report)

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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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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