Great West Life Assurance Co. Can grew its position in shares of Nutrien Ltd (NYSE:NTR) by 1.0% in the first quarter, Holdings Channel reports. The fund owned 5,609,460 shares of the company’s stock after acquiring an additional 53,102 shares during the period. Nutrien makes up 0.8% of Great West Life Assurance Co. Can’s portfolio, making the stock its 24th largest position. Great West Life Assurance Co. Can’s holdings in Nutrien were worth $294,970,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in NTR. Litman Gregory Asset Management LLC bought a new stake in shares of Nutrien during the 4th quarter worth approximately $26,000. PRW Wealth Management LLC bought a new stake in shares of Nutrien during the 4th quarter worth approximately $30,000. Proficio Capital Partners LLC raised its stake in shares of Nutrien by 38.3% during the 4th quarter. Proficio Capital Partners LLC now owns 902 shares of the company’s stock worth $42,000 after purchasing an additional 250 shares in the last quarter. FTB Advisors Inc. raised its stake in shares of Nutrien by 29.9% during the 1st quarter. FTB Advisors Inc. now owns 882 shares of the company’s stock worth $46,000 after purchasing an additional 203 shares in the last quarter. Finally, Capital Investment Advisory Services LLC bought a new stake in shares of Nutrien during the 4th quarter worth approximately $53,000. 68.87% of the stock is owned by hedge funds and other institutional investors.
NTR traded down $0.08 during trading hours on Wednesday, reaching $48.83. The company’s stock had a trading volume of 4,127 shares, compared to its average volume of 1,651,428. Nutrien Ltd has a 52 week low of $43.96 and a 52 week high of $58.99. The stock has a market cap of $28.51 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 2.08 and a beta of 0.79.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.52%. The ex-dividend date is Thursday, June 27th. Nutrien’s payout ratio is 63.94%.
A number of equities research analysts have recently issued reports on NTR shares. Raymond James reiterated a “strong-buy” rating and set a $70.00 price objective on shares of Nutrien in a research note on Thursday, February 7th. Cowen reiterated an “outperform” rating and set a $63.00 price objective (down previously from $66.00) on shares of Nutrien in a research note on Tuesday, April 23rd. Barclays restated a “buy” rating on shares of Nutrien in a research note on Sunday, February 10th. Finally, Zacks Investment Research upgraded Nutrien from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $61.50.
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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