Signaturefd LLC Has $347,000 Stake in Nutrien Ltd. (NYSE:NTR)

Signaturefd LLC trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 35.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,154 shares of the company’s stock after selling 3,430 shares during the period. Signaturefd LLC’s holdings in Nutrien were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in NTR. GHP Investment Advisors Inc. acquired a new position in Nutrien during the third quarter worth $27,000. U.S. Capital Wealth Advisors LLC increased its holdings in Nutrien by 2.9% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,762 shares of the company’s stock worth $3,073,000 after buying an additional 1,390 shares during the last quarter. Manning & Napier Group LLC increased its holdings in Nutrien by 3.4% during the third quarter. Manning & Napier Group LLC now owns 49,165 shares of the company’s stock worth $3,036,000 after buying an additional 1,624 shares during the last quarter. Bfsg LLC increased its holdings in Nutrien by 9.8% during the third quarter. Bfsg LLC now owns 29,028 shares of the company’s stock worth $1,793,000 after buying an additional 2,600 shares during the last quarter. Finally, Ascent Wealth Partners LLC increased its holdings in Nutrien by 2.1% during the third quarter. Ascent Wealth Partners LLC now owns 12,300 shares of the company’s stock worth $760,000 after buying an additional 250 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on NTR. CIBC decreased their price objective on shares of Nutrien from $87.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Stifel Nicolaus upped their price objective on shares of Nutrien from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 19th. TD Securities decreased their price objective on shares of Nutrien from $75.00 to $67.00 and set a “buy” rating on the stock in a report on Tuesday, February 20th. Raymond James downgraded shares of Nutrien from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $80.00 to $65.00 in a report on Friday, January 12th. Finally, JPMorgan Chase & Co. downgraded shares of Nutrien from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $58.00 to $48.00 in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nutrien currently has a consensus rating of “Hold” and a consensus target price of $67.95.

Nutrien Trading Down 0.5 %

NTR opened at $52.05 on Friday. Nutrien Ltd. has a twelve month low of $47.90 and a twelve month high of $70.07. The company has a 50-day simple moving average of $53.20 and a 200 day simple moving average of $54.15. 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 stock has a market capitalization of $25.74 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.95 and a beta of 0.89.

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

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $0.54 per share. This is a boost from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.16 annualized dividend and a yield of 4.15%. Nutrien’s dividend payout ratio is currently 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.