CORDA Investment Management LLC. decreased its position in shares of Nutrien Ltd (NYSE:NTR) by 2.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 374,751 shares of the company’s stock after selling 9,680 shares during the period. Nutrien makes up about 2.6% of CORDA Investment Management LLC.’s holdings, making the stock its 15th biggest holding. CORDA Investment Management LLC.’s holdings in Nutrien were worth $21,623,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC increased its holdings in shares of Nutrien by 4,210.3% during the third quarter. FNY Investment Advisers LLC now owns 2,500 shares of the company’s stock valued at $144,000 after acquiring an additional 2,442 shares in the last quarter. Capital Advisors Ltd. LLC bought a new stake in shares of Nutrien during the third quarter valued at approximately $147,000. Whittier Trust Co. increased its holdings in shares of Nutrien by 253.2% during the second quarter. Whittier Trust Co. now owns 2,790 shares of the company’s stock valued at $152,000 after acquiring an additional 2,000 shares in the last quarter. Bessemer Group Inc. bought a new stake in shares of Nutrien during the second quarter valued at approximately $161,000. Finally, Dorsey & Whitney Trust CO LLC bought a new stake in Nutrien during the third quarter worth $204,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.
Several equities research analysts recently issued reports on NTR shares. Macquarie upped their price target on Nutrien from $59.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, October 12th. BMO Capital Markets reiterated a “hold” rating and set a $54.00 price target on shares of Nutrien in a report on Friday, August 3rd. TD Securities downgraded Nutrien from a “buy” rating to a “hold” rating and upped their price target for the stock from $60.00 to $63.00 in a report on Friday, August 3rd. Zacks Investment Research upgraded Nutrien from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Thursday, August 2nd. Finally, Credit Suisse Group set a $55.00 price target on Nutrien and gave the stock a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $63.12.
Nutrien (NYSE:NTR) last announced its quarterly earnings data on Monday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. The firm had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.83 billion. Nutrien had a return on equity of 12.95% and a net margin of 1.74%. The company’s revenue for the quarter was up 226.9% compared to the same quarter last year. On average, equities research analysts expect that Nutrien Ltd will post 2.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Monday, December 31st will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Friday, December 28th. This is an increase from Nutrien’s previous quarterly dividend of $0.40.
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Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.
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