Evergreen Capital Management LLC Increases Holdings in Nutrien Ltd. (NYSE:NTR)

Evergreen Capital Management LLC raised its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,551 shares of the company's stock after purchasing an additional 22,401 shares during the period. Evergreen Capital Management LLC's holdings in Nutrien were worth $9,309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of Nutrien during the fourth quarter worth $27,000. HHM Wealth Advisors LLC increased its holdings in Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after purchasing an additional 480 shares in the last quarter. Assetmark Inc. raised its position in Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after purchasing an additional 690 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Nutrien during the fourth quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after purchasing an additional 416 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NTR shares. Piper Sandler lifted their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Barclays raised their target price on Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 5th. Royal Bank of Canada restated an "outperform" rating and set a $60.00 price objective on shares of Nutrien in a research report on Monday, February 24th. Mizuho lifted their price objective on Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Finally, Berenberg Bank raised their price target on shares of Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.40.

Nutrien Stock Down 1.4 %

NYSE NTR traded down $0.77 during mid-day trading on Friday, hitting $52.50. The company's stock had a trading volume of 2,808,612 shares, compared to its average volume of 2,081,418. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The company's 50 day simple moving average is $50.86 and its 200 day simple moving average is $49.26. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87. The firm has a market capitalization of $25.66 billion, a price-to-earnings ratio of 38.32, a PEG ratio of 1.19 and a beta of 0.77.

Nutrien (NYSE:NTR - Get Free Report) last posted 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). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. Analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors 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 annualized dividend and a yield of 4.15%. Nutrien's dividend payout ratio (DPR) is currently 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.