MONECO Advisors LLC Grows Position in Nutrien Ltd. (NYSE:NTR)

MONECO Advisors LLC raised its holdings in Nutrien Ltd. (NYSE:NTR) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,567 shares of the company’s stock after acquiring an additional 509 shares during the quarter. MONECO Advisors LLC’s holdings in Nutrien were worth $595,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in NTR. The Manufacturers Life Insurance Company increased its stake in Nutrien by 51.3% in 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 purchasing an additional 2,322,679 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in Nutrien by 18,312.9% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,595,295 shares of the company’s stock valued at $89,862,000 after purchasing an additional 1,586,631 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Nutrien by 544.3% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,361,282 shares of the company’s stock valued at $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% during 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 during the last quarter. Finally, FMR LLC boosted its position 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. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Nutrien from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $58.00 to $48.00 in a report on Friday, February 23rd. Stifel Nicolaus upped their target price on Nutrien from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Wells Fargo & Company lowered their target price on Nutrien from $77.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, February 26th. Wolfe Research assumed coverage on Nutrien in a report on Friday, March 1st. They issued an “outperform” rating and a $66.00 price target for the company. Finally, Royal Bank of Canada decreased their price objective on Nutrien from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.25.

Nutrien Trading Down 0.5 %

NTR stock opened at $52.50 on Thursday. The company has a quick ratio of 0.65, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. The company has a market cap of $25.97 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.97 and a beta of 0.89. The business has a fifty day simple moving average of $53.38 and a 200-day simple moving average of $53.88. Nutrien Ltd. has a 52 week low of $47.90 and a 52 week high of $69.62.

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

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.11%. This is a boost from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Wednesday, March 27th. Nutrien’s payout ratio is 85.38%.

About Nutrien

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.