SVB Wealth LLC Invests $318,000 in Nutrien Ltd. (NYSE:NTR)

SVB Wealth LLC purchased a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,104 shares of the company's stock, valued at approximately $318,000.

Several other institutional investors have also recently added to or reduced their stakes in NTR. Wealth Enhancement Advisory Services LLC raised its holdings in Nutrien by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company's stock valued at $207,000 after acquiring an additional 263 shares in the last quarter. US Bancorp DE raised its holdings in Nutrien by 15.5% in the third quarter. US Bancorp DE now owns 23,574 shares of the company's stock valued at $1,133,000 after acquiring an additional 3,157 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Nutrien by 217.0% in the third quarter. Farther Finance Advisors LLC now owns 3,500 shares of the company's stock valued at $168,000 after acquiring an additional 2,396 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Nutrien by 25.7% during the third quarter. Janney Montgomery Scott LLC now owns 97,635 shares of the company's stock worth $4,692,000 after purchasing an additional 19,984 shares during the period. Finally, Harvest Portfolios Group Inc. raised its holdings in shares of Nutrien by 20.3% during the third quarter. Harvest Portfolios Group Inc. now owns 56,012 shares of the company's stock worth $2,692,000 after purchasing an additional 9,444 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Piper Sandler increased their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Raymond James raised shares of Nutrien from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Mizuho increased their target price on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Oppenheimer assumed coverage on shares of Nutrien in a report on Thursday, December 12th. They set an "outperform" rating and a $60.00 target price on the stock. Finally, TD Securities dropped their target price on shares of Nutrien from $63.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Nutrien presently has an average rating of "Moderate Buy" and an average target price of $60.13.

Nutrien Price Performance

Nutrien stock traded down $0.12 during trading hours on Friday, hitting $51.03. 2,899,943 shares of the company traded hands, compared to its average volume of 1,985,228. The firm has a market cap of $24.96 billion, a P/E ratio of 37.24, a P/E/G ratio of 1.19 and a beta of 0.81. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The firm's 50-day simple moving average is $50.71 and its two-hundred day simple moving average is $48.58. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87.

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 company had revenue of $5.08 billion for 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%. As a group, analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a $0.545 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.27%. Nutrien's dividend payout ratio 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.