Blume Capital Management Inc. Has $1.41 Million Position in Nutrien Ltd. (NYSE:NTR)

Blume Capital Management Inc. lifted its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 70.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,576 shares of the company's stock after buying an additional 13,005 shares during the quarter. Blume Capital Management Inc.'s holdings in Nutrien were worth $1,413,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of NTR. Uncommon Cents Investing LLC grew its stake in shares of Nutrien by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock worth $517,000 after purchasing an additional 235 shares during the last quarter. Rhumbline Advisers grew its position in Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock worth $331,000 after buying an additional 247 shares during the last quarter. FFT Wealth Management LLC grew its position in Nutrien by 0.9% in the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock worth $1,330,000 after buying an additional 277 shares during the last quarter. Atria Investments Inc grew its position in Nutrien by 2.0% in the third quarter. Atria Investments Inc now owns 14,636 shares of the company's stock worth $703,000 after buying an additional 290 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Nutrien by 23.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock worth $81,000 after acquiring an additional 348 shares during the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of brokerages recently weighed in on NTR. Royal Bank of Canada reissued an "outperform" rating and issued a $60.00 price target on shares of Nutrien in a research note on Monday, February 24th. Barclays boosted their target price on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 5th. UBS Group raised their target price on Nutrien from $53.00 to $54.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Piper Sandler upped their price target on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. upgraded Nutrien from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $40.00 to $50.00 in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $60.13.

Nutrien Stock Performance

NYSE:NTR traded down $0.09 during trading hours on Tuesday, hitting $52.06. 1,714,292 shares of the company traded hands, compared to its average volume of 1,976,479. The stock has a market capitalization of $25.47 billion, a price-to-earnings ratio of 38.00, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87. The firm has a 50-day moving average of $51.33 and a 200 day moving average of $48.71. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. On average, analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien's dividend payout ratio is 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.