Aviso Financial Inc. trimmed its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 48.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,307 shares of the company's stock after selling 66,231 shares during the quarter. Aviso Financial Inc.'s holdings in Nutrien were worth $3,100,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in NTR. Fairway Wealth LLC purchased a new position in Nutrien in the 4th quarter worth about $27,000. HHM Wealth Advisors LLC grew its stake in Nutrien by 331.0% in the fourth 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. increased its stake in shares of Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after buying an additional 690 shares during the period. Asset Planning Inc purchased a new position in shares of Nutrien during the fourth quarter valued at $35,000. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after acquiring an additional 416 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Barclays raised their target price on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 5th. UBS Group lifted their price objective on shares of Nutrien from $53.00 to $54.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Piper Sandler upped their target price on Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. CIBC lifted their price target on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group began coverage on Nutrien in a research report on Thursday, March 13th. They issued a "sell" rating and a $53.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $60.13.
Read Our Latest Stock Report on Nutrien
Nutrien Stock Performance
NTR stock traded down $0.09 during trading on Tuesday, reaching $52.06. The company had a trading volume of 1,714,292 shares, compared to its average volume of 1,976,479. The company has a market cap of $25.47 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The firm has a 50-day simple moving average of $51.33 and a 200-day simple moving average of $48.71.
Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. As a group, sell-side analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.
Nutrien Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Monday, March 31st. Nutrien's dividend payout ratio is presently 159.12%.
Nutrien Company Profile
(
Free Report)
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.
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