Nutrien Ltd. (NYSE:NTR) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 50.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,369 shares of the company's stock after selling 158,234 shares during the period. Wells Fargo & Company MN's holdings in Nutrien were worth $7,038,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prudential PLC lifted its stake in shares of Nutrien by 12.4% during the fourth quarter. Prudential PLC now owns 15,964 shares of the company's stock valued at $713,000 after buying an additional 1,755 shares during the period. Geode Capital Management LLC lifted its stake in shares of Nutrien by 30.3% during the 4th quarter. Geode Capital Management LLC now owns 3,022,551 shares of the company's stock worth $137,202,000 after purchasing an additional 702,948 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Nutrien by 16.0% during the fourth quarter. Franklin Resources Inc. now owns 394,122 shares of the company's stock worth $17,620,000 after purchasing an additional 54,481 shares during the last quarter. Colrain Capital LLC purchased a new stake in shares of Nutrien in the fourth quarter valued at $3,863,000. Finally, Summit Financial LLC acquired a new position in Nutrien in the fourth quarter valued at $4,189,000. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Stock Up 0.7 %

Shares of Nutrien stock traded up $0.38 during trading hours on Thursday, hitting $53.46. 697,391 shares of the company's stock traded hands, compared to its average volume of 2,082,171. 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 Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87. The stock has a 50 day simple moving average of $51.02 and a 200-day simple moving average of $49.33. The company has a market cap of $26.13 billion, a PE ratio of 38.99, a PEG ratio of 1.19 and a beta of 0.77.

Nutrien (NYSE:NTR - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). The business had revenue of $5.08 billion for 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%. Equities research analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were paid a $0.545 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.08%. Nutrien's dividend payout ratio (DPR) is presently 159.12%.

Wall Street Analysts Forecast Growth

Several analysts have commented on NTR shares. Berenberg Bank lifted their price target on Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, April 15th. Wells Fargo & Company upped their price target on shares of Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Barclays boosted their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 5th. UBS Group cut their target price on Nutrien from $54.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. raised Nutrien from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $40.00 to $50.00 in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $59.27.

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.