Tyler Stone Wealth Management Buys 5,470 Shares of Nutrien Ltd. (NYSE:NTR)

Tyler Stone Wealth Management increased its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,640 shares of the company's stock after purchasing an additional 5,470 shares during the quarter. Tyler Stone Wealth Management's holdings in Nutrien were worth $1,237,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NTR. Mufg Securities Canada LTD. lifted its holdings in shares of Nutrien by 71.6% during the 4th quarter. Mufg Securities Canada LTD. now owns 753,487 shares of the company's stock valued at $33,693,000 after buying an additional 314,375 shares during the last quarter. TD Asset Management Inc. raised its position in Nutrien by 7.4% during the fourth quarter. TD Asset Management Inc. now owns 5,615,681 shares of the company's stock valued at $251,152,000 after acquiring an additional 385,616 shares in the last quarter. Modern Wealth Management LLC acquired a new stake in Nutrien in the fourth quarter valued at approximately $209,000. Minneapolis Portfolio Management Group LLC bought a new stake in Nutrien in the fourth quarter worth approximately $16,421,000. Finally, Vanguard Group Inc. lifted its position in shares of Nutrien by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company's stock worth $885,009,000 after buying an additional 325,210 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Price Performance

Shares of NYSE NTR traded down $0.78 during midday trading on Friday, reaching $50.13. 1,505,033 shares of the company traded hands, compared to its average volume of 2,027,809. The stock's 50-day simple moving average is $51.59 and its 200-day simple moving average is $48.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. The firm has a market cap of $24.50 billion, a PE ratio of 36.59, a PEG ratio of 1.19 and a beta of 0.81.

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Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly 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 firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a dividend of $0.545 per share. The ex-dividend date is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.35%. Nutrien's dividend payout ratio (DPR) is presently 159.12%.

Analyst Ratings Changes

A number of equities analysts have recently commented on NTR shares. Scotiabank lifted their price objective on Nutrien from $60.00 to $62.00 and gave the stock a "sector outperform" rating in a research note on Monday, February 24th. Piper Sandler upped their price target on Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. UBS Group increased their price objective on Nutrien from $53.00 to $54.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Wells Fargo & Company boosted their target price 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. Finally, CIBC increased their price target on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $60.00.

Nutrien Company 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.