Contrarius Group Holdings Ltd Makes New $2.13 Million Investment in Nutrien Ltd. (NYSE:NTR)

Contrarius Group Holdings Ltd bought a new position in shares of Nutrien Ltd. (NYSE:NTR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 47,546 shares of the company’s stock, valued at approximately $2,128,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in Nutrien during the fourth quarter worth about $27,000. HHM Wealth Advisors LLC boosted its position in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after purchasing an additional 480 shares during the period. Assetmark Inc. boosted its position in Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock worth $33,000 after purchasing an additional 690 shares during the period. Asset Planning Inc bought a new position in Nutrien during the fourth quarter worth about $35,000. Finally, Exchange Traded Concepts LLC boosted its position in Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 416 shares during the period. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NTR shares. Wells Fargo & Company increased their target price on shares of Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. The Goldman Sachs Group started coverage on shares of Nutrien in a research report on Thursday, March 13th. They issued a “sell” rating and a $53.00 price objective for the company. Barclays raised their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a research report on Monday, February 24th. Finally, Scotiabank raised their price objective on shares of Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.13.

Nutrien Trading Up 0.5 %

NTR stock opened at $52.35 on Thursday. The company has a market capitalization of $25.61 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87. The company’s 50 day moving average price is $51.50 and its two-hundred day moving average price is $48.76. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). The business had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. As a group, analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is presently 159.12%.

Nutrien Profile

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.