IPG Investment Advisors LLC Has $1.37 Million Stake in Nutrien Ltd. (NYSE:NTR)

IPG Investment Advisors LLC trimmed its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 87.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,635 shares of the company's stock after selling 222,450 shares during the quarter. IPG Investment Advisors LLC's holdings in Nutrien were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Uncommon Cents Investing LLC boosted its holdings in shares of Nutrien by 2.1% during the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock valued at $517,000 after acquiring an additional 235 shares during the period. Rhumbline Advisers grew its holdings in Nutrien by 3.5% in the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock worth $331,000 after buying an additional 247 shares in the last quarter. FFT Wealth Management LLC raised its stake in Nutrien by 0.9% during the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock valued at $1,330,000 after acquiring an additional 277 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position 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 acquiring an additional 348 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of Nutrien by 20.8% in the third quarter. Daiwa Securities Group Inc. now owns 2,213 shares of the company's stock worth $106,000 after purchasing an additional 381 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have weighed in on NTR. Barclays upped 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. Scotiabank raised their target price on Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a research note on Monday, February 24th. Wells Fargo & Company upped their price target on shares of Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a report on Friday, February 21st. JPMorgan Chase & Co. raised shares of Nutrien from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. Finally, The Goldman Sachs Group started coverage on shares of Nutrien in a research note on Thursday, March 13th. They set a "sell" rating and a $53.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $60.00.

Nutrien Price Performance

NYSE NTR traded up $0.94 during trading hours on Thursday, reaching $50.89. 1,728,007 shares of the company's stock were exchanged, compared to its average volume of 2,024,060. The firm has a fifty day moving average of $51.47 and a 200-day moving average of $49.07. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87. The stock has a market cap of $24.88 billion, a PE ratio of 37.15, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. 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 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 the consensus estimate of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. On average, equities research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a dividend of $0.545 per share. The ex-dividend date is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.28%. Nutrien's payout ratio is currently 159.12%.

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.