Centaurus Financial Inc. Sells 2,400 Shares of Nutrien Ltd (NTR)
Centaurus Financial Inc. lessened its stake in shares of Nutrien Ltd (NYSE:NTR) by 24.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,231 shares of the company’s stock after selling 2,400 shares during the quarter. Centaurus Financial Inc.’s holdings in Nutrien were worth $393,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Boston Partners boosted its position in Nutrien by 6.1% during the 2nd quarter. Boston Partners now owns 8,687,741 shares of the company’s stock valued at $472,439,000 after acquiring an additional 496,801 shares in the last quarter. TD Asset Management Inc. boosted its position in Nutrien by 4.1% during the 2nd quarter. TD Asset Management Inc. now owns 8,335,145 shares of the company’s stock valued at $453,179,000 after acquiring an additional 331,876 shares in the last quarter. CIBC Asset Management Inc boosted its position in Nutrien by 2.0% during the 2nd quarter. CIBC Asset Management Inc now owns 6,991,400 shares of the company’s stock valued at $380,417,000 after acquiring an additional 140,099 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Nutrien by 1.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 5,110,815 shares of the company’s stock valued at $278,927,000 after acquiring an additional 95,380 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Nutrien by 177.3% during the 2nd quarter. Toronto Dominion Bank now owns 3,677,431 shares of the company’s stock valued at $200,088,000 after purchasing an additional 2,351,420 shares during the last quarter. 66.34% of the stock is currently owned by institutional investors and hedge funds.
NTR has been the subject of several analyst reports. BMO Capital Markets reiterated a “hold” rating and set a $54.00 price objective on shares of Nutrien in a report on Friday, August 3rd. ValuEngine upgraded Nutrien from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. TD Securities lowered Nutrien from a “buy” rating to a “hold” rating and increased their price objective for the company from $60.00 to $63.00 in a report on Friday, August 3rd. Zacks Investment Research upgraded Nutrien from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Thursday, August 2nd. Finally, Cowen increased their price objective on Nutrien from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $61.31.
Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 1st. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.08. The company had revenue of $8.15 billion during the quarter, compared to analyst estimates of $7.70 billion. Nutrien had a return on equity of 10.27% and a net margin of 9.83%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. equities research analysts anticipate that Nutrien Ltd will post 2.55 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, September 28th will be paid a $0.40 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.60 dividend on an annualized basis and a yield of 2.74%.
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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