FIL Ltd Decreases Stake in Nutrien Ltd. (NYSE:NTR)

FIL Ltd cut its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,782,605 shares of the company's stock after selling 119,042 shares during the period. FIL Ltd owned approximately 1.18% of Nutrien worth $258,748,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NTR. Uncommon Cents Investing LLC increased its stake in shares of Nutrien by 2.1% in the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock valued at $517,000 after buying an additional 235 shares during the period. Rhumbline Advisers grew its stake in shares of Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock worth $331,000 after purchasing an additional 247 shares during the last quarter. FFT Wealth Management LLC increased its holdings in Nutrien by 0.9% in the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock valued at $1,330,000 after purchasing an additional 277 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Nutrien by 23.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock worth $81,000 after buying an additional 348 shares during the period. Finally, PFG Investments LLC grew its position in shares of Nutrien by 2.0% in the 4th quarter. PFG Investments LLC now owns 20,097 shares of the company's stock valued at $899,000 after buying an additional 386 shares during the last quarter. 63.10% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts recently commented on NTR shares. 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. CIBC boosted their target price on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research report on Tuesday, February 25th. Wells Fargo & Company raised their price target on shares of Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a report on Friday, February 21st. Piper Sandler boosted their target price on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Finally, UBS Group raised their price objective on Nutrien from $53.00 to $54.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $60.00.

Nutrien Stock Performance

NTR stock traded up $2.73 during midday trading on Friday, hitting $51.05. The company's stock had a trading volume of 2,557,390 shares, compared to its average volume of 2,068,506. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The stock has a market cap of $24.96 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 1.19 and a beta of 0.77. The stock's 50-day moving average price is $50.74 and its 200 day moving average price is $49.13. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

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

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Monday, March 31st. Nutrien's dividend payout ratio (DPR) is presently 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.