Rossby Financial LCC Acquires Shares of 8,650 Nutrien Ltd. (NYSE:NTR)

Rossby Financial LCC acquired a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,650 shares of the company's stock, valued at approximately $387,000.

Other hedge funds have also added to or reduced their stakes in the company. Uncommon Cents Investing LLC lifted 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 worth $517,000 after purchasing an additional 235 shares during the period. Rhumbline Advisers lifted its holdings in Nutrien by 3.5% during the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock worth $331,000 after buying an additional 247 shares during the period. FFT Wealth Management LLC grew its position in shares of Nutrien by 0.9% in the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock valued at $1,330,000 after buying an additional 277 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Nutrien by 23.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after buying an additional 348 shares during the period. Finally, PFG Investments LLC raised its position in shares of Nutrien by 2.0% during the fourth quarter. PFG Investments LLC now owns 20,097 shares of the company's stock worth $899,000 after acquiring an additional 386 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on NTR. Royal Bank of Canada restated an "outperform" rating and set a $60.00 price target on shares of Nutrien in a report on Monday, February 24th. UBS Group cut their price target on shares of Nutrien from $54.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday. Wells Fargo & Company lifted their price objective on Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Berenberg Bank upped their target price on Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Piper Sandler lifted 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nutrien has a consensus rating of "Moderate Buy" and a consensus target price of $59.40.

Nutrien Stock Down 1.4 %

Shares of NTR traded down $0.77 on Friday, reaching $52.50. The company's stock had a trading volume of 2,808,612 shares, compared to its average volume of 2,079,247. The stock has a market capitalization of $25.66 billion, a PE ratio of 38.32, a PEG ratio of 1.19 and a beta of 0.77. 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 Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87. The firm has a fifty day moving average of $50.85 and a 200-day moving average of $49.24.

Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). The company 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 analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were paid a $0.545 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.15%. Nutrien's dividend payout ratio (DPR) is 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.