Nutrien Ltd. (NYSE:NTR) Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC raised its stake in shares of Nutrien Ltd. (NYSE:NTRFree Report) by 41.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,049 shares of the company’s stock after buying an additional 305 shares during the quarter. Parallel Advisors LLC’s holdings in Nutrien were worth $59,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its holdings in shares of Nutrien by 904.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock worth $42,000 after purchasing an additional 678 shares during the last quarter. Evolution Advisers Inc. acquired a new stake in shares of Nutrien during the fourth quarter worth $49,000. CVA Family Office LLC acquired a new stake in shares of Nutrien during the fourth quarter worth $57,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Nutrien during the fourth quarter worth $61,000. Finally, Andra AP fonden acquired a new stake in shares of Nutrien during the third quarter worth $62,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NTR shares. Wolfe Research started coverage on Nutrien in a report on Friday, March 1st. They set an “outperform” rating and a $66.00 price objective on the stock. JPMorgan Chase & Co. lowered Nutrien from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $58.00 to $48.00 in a research report on Friday, February 23rd. Jefferies Financial Group started coverage on Nutrien in a research report on Tuesday, March 26th. They issued a “buy” rating and a $62.00 target price on the stock. CIBC cut their target price on Nutrien from $87.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Finally, HSBC cut their target price on Nutrien from $63.00 to $57.00 and set a “hold” rating on the stock in a research report on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $67.32.

Read Our Latest Research Report on NTR

Nutrien Stock Up 0.2 %

Shares of NYSE NTR opened at $55.86 on Friday. Nutrien Ltd. has a 1 year low of $47.90 and a 1 year high of $69.12. The firm has a market cap of $27.63 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 1.83 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. The stock’s 50-day simple moving average is $55.58 and its 200-day simple moving average is $54.04.

Nutrien (NYSE:NTRGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.38 billion. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.9 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 28th will be paid a $0.54 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 3.87%. Nutrien’s dividend payout ratio (DPR) is 126.32%.

Nutrien Company 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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