Gabelli Funds LLC Raises Stock Position in Nutrien Ltd. (NYSE:NTR)

Gabelli Funds LLC raised its holdings in shares of Nutrien Ltd. (NYSE:NTRFree Report) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,090 shares of the company’s stock after acquiring an additional 6,000 shares during the quarter. Gabelli Funds LLC’s holdings in Nutrien were worth $2,202,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NTR. Exchange Traded Concepts LLC grew its stake in Nutrien by 904.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after acquiring an additional 678 shares in the last quarter. Evolution Advisers Inc. purchased a new position in shares of Nutrien during the fourth quarter valued at about $49,000. CVA Family Office LLC bought a new stake in shares of Nutrien in the fourth quarter worth about $57,000. Parallel Advisors LLC lifted its position in shares of Nutrien by 41.0% in the fourth quarter. Parallel Advisors LLC now owns 1,049 shares of the company’s stock worth $59,000 after buying an additional 305 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Nutrien during the fourth quarter valued at approximately $61,000. Institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on NTR shares. JPMorgan Chase & Co. downgraded Nutrien from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $58.00 to $48.00 in a research note on Friday, February 23rd. Piper Sandler upped their price target 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. CIBC dropped their price objective on shares of Nutrien from $87.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Mizuho boosted their target price on shares of Nutrien from $54.00 to $56.00 and gave the stock an “underweight” rating in a report on Friday, May 17th. Finally, Royal Bank of Canada lowered their price target on shares of Nutrien from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Three analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $66.33.

View Our Latest Report on Nutrien

Nutrien Trading Down 0.8 %

Shares of NTR opened at $55.41 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 0.53. The firm has a market capitalization of $27.41 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 1.77 and a beta of 0.87. The company has a 50-day moving average of $55.60 and a 200 day moving average of $54.00. Nutrien Ltd. has a 1-year low of $47.90 and a 1-year high of $69.12.

Nutrien (NYSE:NTRGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.38 billion. On average, research analysts expect 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. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Friday, June 28th. Nutrien’s payout ratio 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.

See Also

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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