Strategic Financial Concepts LLC Buys Shares of 4,700 Nutrien Ltd. (NYSE:NTR)

Strategic Financial Concepts LLC bought a new stake in shares of Nutrien Ltd. (NYSE:NTR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,700 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. HHM Wealth Advisors LLC raised its position in Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after purchasing an additional 480 shares in the last quarter. Asset Planning Inc bought a new stake in Nutrien during the 4th quarter valued at $35,000. Exchange Traded Concepts LLC raised its position in Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 416 shares in the last quarter. Principal Securities Inc. raised its position in Nutrien by 138.1% during the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock valued at $42,000 after purchasing an additional 540 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Nutrien during the 4th quarter valued at $67,000. 63.10% of the stock is owned by institutional investors.

Nutrien Stock Down 0.9 %

Shares of NTR stock opened at $52.68 on Friday. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $60.87. The stock’s fifty day moving average price is $49.41 and its 200 day moving average price is $48.23. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The company has a market cap of $25.80 billion, a price-to-earnings ratio of 38.45, a price-to-earnings-growth ratio of 1.17 and a beta of 0.81.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). The business had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. On average, research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.545 per share. The ex-dividend date is Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.14%. Nutrien’s payout ratio is presently 157.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NTR shares. Barclays reaffirmed an “equal weight” rating and set a $56.00 target price (up from $55.00) on shares of Nutrien in a research report on Tuesday, January 21st. TD Securities decreased their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. CIBC reissued an “outperformer” rating and issued a $55.00 price target (down from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company boosted their price target on Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Nutrien has a consensus rating of “Moderate Buy” and an average price target of $59.39.

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.