Foresight Global Investors Inc. Has $1.42 Million Position in Nutrien Ltd. (NYSE:NTR)

Foresight Global Investors Inc. boosted its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 164.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,739 shares of the company's stock after acquiring an additional 19,739 shares during the quarter. Nutrien accounts for 1.0% of Foresight Global Investors Inc.'s portfolio, making the stock its 11th largest position. Foresight Global Investors Inc.'s holdings in Nutrien were worth $1,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

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Nutrien Trading Up 0.1 %

Shares of NTR stock traded up $0.03 during trading hours on Friday, reaching $52.48. The company had a trading volume of 2,457,871 shares, compared to its average volume of 1,971,743. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The firm has a market cap of $25.68 billion, a price-to-earnings ratio of 38.31, a P/E/G ratio of 1.19 and a beta of 0.81. The company has a 50 day moving average of $51.67 and a 200 day moving average of $48.83.

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 the consensus estimate of $0.37 by ($0.09). The company had revenue of $5.08 billion during 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, equities research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien's dividend payout ratio is currently 159.12%.

Analyst Upgrades and Downgrades

NTR has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $60.00 price target on shares of Nutrien in a report on Monday, February 24th. JPMorgan Chase & Co. upgraded Nutrien from an "underweight" rating to a "neutral" rating and raised their target price for the company from $40.00 to $50.00 in a research note on Monday, January 13th. Barclays upped their price target on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 5th. Raymond James raised shares of Nutrien from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Finally, UBS Group boosted their target price on shares of Nutrien from $53.00 to $54.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $60.13.

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.