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

Posted by Defense World Staff on May 20th, 2023

HighTower Advisors LLC raised its stake in Nutrien Ltd. (NYSE:NTR – Get Rating) by 36.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 63,489 shares of the company’s stock after purchasing an additional 17,114 shares during the period. HighTower Advisors LLC’s holdings in Nutrien were worth $4,625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NTR. BlackRock Inc. increased its position in shares of Nutrien by 79.6% in the 1st quarter. BlackRock Inc. now owns 3,490,036 shares of the company’s stock worth $362,929,000 after purchasing an additional 1,547,030 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Nutrien in the 1st quarter worth approximately $1,370,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Nutrien in the 1st quarter worth approximately $323,000. Candriam Luxembourg S.C.A. lifted its stake in shares of Nutrien by 5.7% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 11,675 shares of the company’s stock worth $1,208,000 after acquiring an additional 629 shares during the period. Finally, Zions Bancorporation N.A. lifted its stake in shares of Nutrien by 55.2% in the 1st quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock worth $31,000 after acquiring an additional 107 shares during the period. Institutional investors own 64.52% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on NTR shares. UBS Group cut their target price on shares of Nutrien from $100.00 to $99.00 and set a “buy” rating for the company in a research note on Thursday, April 6th. Piper Sandler dropped their price objective on shares of Nutrien from $82.00 to $70.00 in a research note on Wednesday. Barclays dropped their price objective on shares of Nutrien from $93.00 to $80.00 in a research note on Friday, May 12th. BMO Capital Markets dropped their price objective on shares of Nutrien from $110.00 to $90.00 in a research note on Tuesday. Finally, Mizuho dropped their price objective on shares of Nutrien from $79.00 to $75.00 in a research note on Friday, May 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $80.35.

Nutrien Price Performance

NYSE NTR opened at $61.95 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.18 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $69.74 and its 200-day moving average is $74.86. Nutrien Ltd. has a 12-month low of $58.75 and a 12-month high of $103.20. The company has a market capitalization of $30.73 billion, a PE ratio of 4.86, a price-to-earnings-growth ratio of 0.89 and a beta of 0.88.

Nutrien (NYSE:NTR – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.63 by ($0.61). The company had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $7.41 billion. Nutrien had a net margin of 18.86% and a return on equity of 23.85%. Nutrien’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.47 earnings per share. Equities research analysts anticipate that Nutrien Ltd. will post 8.6 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, June 29th. Nutrien’s payout ratio is presently 16.64%.

Nutrien Company Profile

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Nutrien Ltd. is a crop nutrient company, which engages in the production and distribution of products for agricultural, industrial, and feed customer. It operates through the following segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seed, and merchandise.