MARSHALL WACE ASIA Ltd raised its holdings in shares of Nutrien Ltd (NYSE:NTR) by 19.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,206,613 shares of the company’s stock after buying an additional 199,044 shares during the quarter. Nutrien comprises about 2.4% of MARSHALL WACE ASIA Ltd’s holdings, making the stock its 19th largest position. MARSHALL WACE ASIA Ltd’s holdings in Nutrien were worth $69,622,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Glassman Wealth Services grew its position in Nutrien by 91.7% during the third quarter. Glassman Wealth Services now owns 2,153 shares of the company’s stock worth $124,000 after buying an additional 1,030 shares in the last quarter. FNY Investment Advisers LLC grew its position in Nutrien by 4,210.3% during the third quarter. FNY Investment Advisers LLC now owns 2,500 shares of the company’s stock worth $144,000 after buying an additional 2,442 shares in the last quarter. Capital Advisors Ltd. LLC purchased a new position in Nutrien during the third quarter worth about $147,000. Dorsey & Whitney Trust CO LLC purchased a new position in Nutrien during the third quarter worth about $204,000. Finally, Ipswich Investment Management Co. Inc. purchased a new position in Nutrien during the third quarter worth about $206,000. Institutional investors and hedge funds own 66.70% of the company’s stock.
NTR stock traded up $0.52 during mid-day trading on Thursday, hitting $51.73. 2,134,712 shares of the stock were exchanged, compared to its average volume of 1,706,922. Nutrien Ltd has a 12 month low of $40.41 and a 12 month high of $58.99. The firm has a market cap of $31.35 billion, a P/E ratio of 40.97, a price-to-earnings-growth ratio of 1.84 and a beta of 0.75.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, December 28th. This represents a $1.72 annualized dividend and a yield of 3.32%. This is a positive change from Nutrien’s previous quarterly dividend of $0.40.
Several research firms recently commented on NTR. Raymond James boosted their target price on Nutrien from $67.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 2nd. TD Securities upgraded Nutrien from a “hold” rating to a “buy” rating and boosted their target price for the stock from $63.00 to $68.00 in a research report on Wednesday, November 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded Nutrien from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Saturday, September 8th. Royal Bank of Canada set a $65.00 target price on Nutrien and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Finally, Scotiabank cut Nutrien from a “focus list” rating to an “outperform” rating in a research report on Thursday, September 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $62.67.
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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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