Nutrien Sees Unusually Large Options Volume (NYSE:NTR)
by Amy Steele · The Cerbat GemNutrien Ltd. (NYSE:NTR – Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Investors purchased 10,615 put options on the company. This represents an increase of approximately 101% compared to the average volume of 5,272 put options.
Institutional Investors Weigh In On Nutrien
A number of institutional investors and hedge funds have recently bought and sold shares of NTR. Root Financial Partners LLC acquired a new stake in shares of Nutrien during the 3rd quarter valued at $37,000. Huntington National Bank lifted its position in Nutrien by 72.6% in the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after buying an additional 276 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Nutrien by 42.4% during the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock valued at $43,000 after purchasing an additional 219 shares during the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of Nutrien during the 3rd quarter valued at about $46,000. Finally, Trust Co. of Toledo NA OH bought a new stake in Nutrien in the second quarter worth approximately $49,000. 63.10% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
NTR has been the topic of a number of research analyst reports. Mizuho raised their price target on Nutrien from $61.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday, December 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Nutrien in a research report on Monday, December 29th. UBS Group decreased their target price on shares of Nutrien from $63.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Bank of America restated a “neutral” rating and set a $67.00 price objective on shares of Nutrien in a research note on Tuesday, October 14th. Finally, Oppenheimer reissued an “outperform” rating on shares of Nutrien in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Nutrien has an average rating of “Hold” and an average price target of $63.17.
Get Our Latest Research Report on Nutrien
Nutrien Stock Performance
NYSE:NTR traded down $0.52 during midday trading on Tuesday, reaching $61.59. 398,019 shares of the company traded hands, compared to its average volume of 1,358,736. The company has a fifty day moving average price of $59.26 and a 200 day moving average price of $58.72. The firm has a market capitalization of $29.73 billion, a price-to-earnings ratio of 16.61 and a beta of 0.72. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.41 and a quick ratio of 0.89. Nutrien has a twelve month low of $45.78 and a twelve month high of $65.08.
Nutrien (NYSE:NTR – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. The business had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter last year, the company earned $0.39 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts expect that Nutrien will post 3.72 EPS for the current fiscal year.
Nutrien Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, December 31st. Nutrien’s payout ratio is 58.76%.
About Nutrien
Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.
Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.