Nutrien Ltd. (NYSE:NTR) Shares Sold by Virtu Financial LLC

Virtu Financial LLC trimmed its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 43.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,607 shares of the company's stock after selling 7,356 shares during the quarter. Virtu Financial LLC's holdings in Nutrien were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of NTR. Fairway Wealth LLC purchased a new stake in shares of Nutrien in the fourth quarter worth approximately $27,000. HHM Wealth Advisors LLC increased 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 during the period. Assetmark Inc. lifted its position in shares of Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after purchasing an additional 690 shares during the last quarter. Asset Planning Inc purchased a new stake in shares of Nutrien during the fourth quarter valued at $35,000. Finally, Exchange Traded Concepts LLC grew 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 worth $38,000 after purchasing an additional 416 shares during the last quarter. Institutional investors own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NTR. Royal Bank of Canada reissued an "outperform" rating and issued a $60.00 price objective on shares of Nutrien in a research report on Monday, February 24th. Raymond James upgraded Nutrien from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. Piper Sandler increased their price objective on Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Mizuho lifted their target price on Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Finally, Oppenheimer began coverage on Nutrien in a research report on Thursday, December 12th. They set an "outperform" rating and a $60.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $60.00.

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Nutrien Stock Down 1.5 %

Shares of NTR stock traded down $0.78 during trading hours on Friday, reaching $50.13. 1,505,033 shares of the company's stock were exchanged, compared to its average volume of 2,027,809. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87. The stock's 50 day moving average is $51.59 and its 200-day moving average is $49.02. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The company has a market cap of $24.50 billion, a price-to-earnings ratio of 36.59, a P/E/G ratio of 1.19 and a beta of 0.81.

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). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. Analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a $0.545 dividend. The ex-dividend date of this dividend 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 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.