Nutrien Ltd. (NYSE:NTR) Stock Holdings Increased by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. raised its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 4.0% during the 4th quarter, Holdings Channel reports. The fund owned 42,062 shares of the company’s stock after purchasing an additional 1,630 shares during the period. Weatherly Asset Management L. P.’s holdings in Nutrien were worth $2,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in NTR. The Manufacturers Life Insurance Company raised its stake in Nutrien by 51.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,853,165 shares of the company’s stock valued at $425,881,000 after acquiring an additional 2,322,679 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its stake in Nutrien by 18,312.9% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,595,295 shares of the company’s stock valued at $89,862,000 after acquiring an additional 1,586,631 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Nutrien by 544.3% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,361,282 shares of the company’s stock worth $84,794,000 after buying an additional 1,150,000 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Nutrien by 15.0% in the 3rd quarter. TD Asset Management Inc now owns 7,175,994 shares of the company’s stock worth $445,187,000 after buying an additional 933,517 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Nutrien by 15.4% in the 3rd quarter. FMR LLC now owns 6,369,027 shares of the company’s stock worth $393,325,000 after buying an additional 849,908 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on NTR. JPMorgan Chase & Co. downgraded Nutrien from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $58.00 to $48.00 in a research note on Friday, February 23rd. Berenberg Bank dropped their price objective on Nutrien from $67.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, February 8th. The Goldman Sachs Group dropped their price objective on Nutrien from $88.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. CIBC dropped their price objective on Nutrien from $87.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Finally, Stifel Nicolaus boosted their price objective on Nutrien from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Nutrien presently has an average rating of “Hold” and a consensus target price of $67.95.

Nutrien Stock Down 0.1 %

NYSE NTR traded down $0.03 on Tuesday, reaching $52.27. The stock had a trading volume of 1,439,120 shares, compared to its average volume of 2,013,353. The business has a 50 day moving average price of $53.03 and a 200 day moving average price of $54.22. The company has a current ratio of 1.17, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a 1 year low of $47.90 and a 1 year high of $71.54. The company has a market capitalization of $25.85 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 1.97 and a beta of 0.89.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 21st. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). The firm had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.36 billion. Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.02 EPS. On average, analysts forecast that Nutrien Ltd. will post 3.82 EPS for the current fiscal year.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Nutrien’s previous quarterly dividend of $0.53. Nutrien’s dividend payout ratio is 85.38%.

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.