MML Investors Services LLC lifted its stake in shares of Nutrien Ltd (NYSE:NTR) by 153.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,826 shares of the company’s stock after purchasing an additional 8,986 shares during the period. MML Investors Services LLC’s holdings in Nutrien were worth $793,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. LS Investment Advisors LLC purchased a new stake in Nutrien in the second quarter valued at approximately $27,000. Icon Wealth Partners LLC purchased a new stake in shares of Nutrien during the first quarter worth $35,000. Bessemer Group Inc. increased its position in shares of Nutrien by 354.4% during the second quarter. Bessemer Group Inc. now owns 727 shares of the company’s stock worth $39,000 after acquiring an additional 567 shares during the period. Liberty Wealth Management LLC increased its position in shares of Nutrien by 340.5% during the second quarter. Liberty Wealth Management LLC now owns 740 shares of the company’s stock worth $40,000 after acquiring an additional 572 shares during the period. Finally, Coastal Investment Advisors Inc. increased its position in shares of Nutrien by 63.8% during the second quarter. Coastal Investment Advisors Inc. now owns 929 shares of the company’s stock worth $49,000 after acquiring an additional 362 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.
NYSE NTR traded up $0.56 during trading hours on Thursday, hitting $52.30. The company had a trading volume of 33,573 shares, compared to its average volume of 885,702. Nutrien Ltd has a 1-year low of $43.96 and a 1-year high of $58.99. The company has a market cap of $29.68 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.53 and a beta of 0.91. The business has a 50 day moving average of $50.93 and a 200-day moving average of $51.92.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.44%. This is a boost from Nutrien’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, September 27th. Nutrien’s dividend payout ratio is presently 63.94%.
A number of analysts have recently weighed in on the company. ValuEngine lowered Nutrien from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. UBS Group set a $62.00 target price on shares of Nutrien and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Citigroup set a $61.00 target price on shares of Nutrien and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Zacks Investment Research downgraded shares of Nutrien from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Finally, Bank of America upgraded shares of Nutrien from an “underperform” rating to a “neutral” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Nutrien presently has an average rating of “Buy” and a consensus target price of $61.54.
Nutrien Company Profile
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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