LPL Financial LLC Purchases 7,780 Shares of Nutrien Ltd. (NYSE:NTR)

LPL Financial LLC grew its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 104,732 shares of the company's stock after buying an additional 7,780 shares during the quarter. LPL Financial LLC's holdings in Nutrien were worth $4,687,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Fairway Wealth LLC purchased a new stake in Nutrien during the fourth quarter valued at about $27,000. HHM Wealth Advisors LLC raised its holdings in shares of Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after buying an additional 480 shares in the last quarter. Assetmark Inc. lifted its position in Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after buying an additional 690 shares during the last quarter. Asset Planning Inc bought a new stake in Nutrien in the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC boosted its stake in Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after buying an additional 416 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

NTR has been the subject of a number of recent research reports. The Goldman Sachs Group assumed coverage on shares of Nutrien in a report on Thursday, March 13th. They issued a "sell" rating and a $53.00 price objective for the company. Royal Bank of Canada restated an "outperform" rating and set a $60.00 price target on shares of Nutrien in a research report on Monday, February 24th. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. upgraded Nutrien from an "underweight" rating to a "neutral" rating and increased their target price for the company from $40.00 to $50.00 in a report on Monday, January 13th. Finally, Scotiabank lifted their price target on Nutrien from $60.00 to $62.00 and gave the stock a "sector outperform" rating in a research note on Monday, February 24th. Two 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 has an average rating of "Moderate Buy" and a consensus price target of $60.00.

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Nutrien Stock Up 2.2 %

Shares of NTR stock traded up $1.13 during midday trading on Monday, reaching $52.29. 1,052,208 shares of the stock were exchanged, compared to its average volume of 2,064,640. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The firm has a market cap of $25.56 billion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. The company's 50 day moving average is $50.74 and its two-hundred day moving average is $49.13. 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 issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $5.08 billion during the quarter, compared to analysts' expectations 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 EPS for the current year.

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.17%. 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.