Arnhold LLC Has $3.79 Million Holdings in Nutrien Ltd. (NYSE:NTR)

Arnhold LLC cut its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,595 shares of the company's stock after selling 8,270 shares during the quarter. Arnhold LLC's holdings in Nutrien were worth $3,786,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in Nutrien in the 4th quarter valued at $27,000. HHM Wealth Advisors LLC boosted its stake in shares of Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after buying an additional 480 shares during the period. Assetmark Inc. grew 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 buying an additional 690 shares in the last quarter. Asset Planning Inc bought a new position in Nutrien during the 4th quarter worth $35,000. Finally, Exchange Traded Concepts LLC raised its holdings in Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after acquiring an additional 416 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Trading Up 2.3 %

Shares of Nutrien stock traded up $1.27 during trading on Tuesday, hitting $56.84. The company's stock had a trading volume of 3,117,061 shares, compared to its average volume of 2,451,076. The stock has a market cap of $27.75 billion, a price-to-earnings ratio of 41.49, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $60.87. The stock has a 50-day moving average price of $51.18 and a two-hundred day moving average price of $49.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

Nutrien (NYSE:NTR - Get Free Report) last announced its 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 company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Equities research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a dividend of $0.545 per share. The ex-dividend date was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 3.84%. Nutrien's payout ratio is currently 159.12%.

Analysts Set New Price Targets

NTR has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Nutrien in a research report on Thursday, March 13th. They issued a "sell" rating and a $53.00 price target on the stock. Barclays increased their price target on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 5th. Berenberg Bank lifted their price objective on shares of Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, April 15th. BNP Paribas raised Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, UBS Group decreased their price target on Nutrien from $54.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Nutrien presently has an average rating of "Moderate Buy" and a consensus target price of $59.27.

About Nutrien

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.