Wealthfront Advisers LLC Makes New Investment in Nutrien Ltd. (NYSE:NTR)

Wealthfront Advisers LLC acquired a new position in Nutrien Ltd. (NYSE:NTR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 12,434 shares of the company's stock, valued at approximately $556,000.

Several other large investors also recently bought and sold shares of the business. Silchester International Investors LLP increased its holdings in Nutrien by 9.5% in the 4th quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company's stock worth $523,268,000 after buying an additional 1,009,895 shares in the last quarter. ARGA Investment Management LP increased its holdings in Nutrien by 25.7% in the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company's stock worth $270,396,000 after buying an additional 1,236,671 shares in the last quarter. National Bank of Canada FI increased its holdings in Nutrien by 4.1% in the 3rd quarter. National Bank of Canada FI now owns 4,232,211 shares of the company's stock worth $203,380,000 after buying an additional 165,582 shares in the last quarter. Toronto Dominion Bank increased its holdings in Nutrien by 11.9% in the 3rd quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company's stock worth $202,830,000 after buying an additional 447,413 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Nutrien in the 3rd quarter worth about $150,181,000. 63.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NTR has been the subject of several research analyst reports. Barclays lifted their price objective on Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $60.00 price target on shares of Nutrien in a research report on Monday, February 24th. Raymond James raised shares of Nutrien from a "market perform" rating to an "outperform" rating and upped their price target for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. raised shares of Nutrien from an "underweight" rating to a "neutral" rating and upped their price target for the company from $40.00 to $50.00 in a research report on Monday, January 13th. Finally, Piper Sandler upped their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $60.13.

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Nutrien Price Performance

Shares of NYSE NTR traded up $0.11 during midday trading on Thursday, reaching $52.46. 1,246,061 shares of the stock traded hands, compared to its average volume of 1,973,722. The stock has a market capitalization of $25.67 billion, a PE ratio of 38.29, a P/E/G ratio of 1.19 and a beta of 0.81. The company's 50 day moving average is $51.50 and its 200 day moving average is $48.76. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. On average, equities research analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The business 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 $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 4.16%. Nutrien's dividend payout ratio is presently 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.