Sequoia Financial Advisors LLC Buys Shares of 5,588 Nutrien Ltd. (NYSE:NTR)

Sequoia Financial Advisors LLC bought a new stake in Nutrien Ltd. (NYSE:NTR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,588 shares of the company’s stock, valued at approximately $250,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Goodman Financial Corp boosted its stake in shares of Nutrien by 4.6% in the third quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock valued at $12,201,000 after buying an additional 11,058 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Nutrien by 10.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock valued at $83,812,000 after buying an additional 157,932 shares in the last quarter. Covea Finance boosted its stake in shares of Nutrien by 21.9% in the fourth quarter. Covea Finance now owns 55,600 shares of the company’s stock valued at $2,485,000 after buying an additional 10,000 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Nutrien by 78.8% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock valued at $121,271,000 after buying an additional 1,100,000 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Nutrien by 12.2% in the third quarter. Wellington Management Group LLP now owns 1,396,887 shares of the company’s stock valued at $67,200,000 after buying an additional 151,596 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NTR shares. Scotiabank lifted their price target on Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Monday, February 24th. Oppenheimer initiated coverage on Nutrien in a research note on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price target on the stock. UBS Group boosted their target price on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research report on Monday, February 24th. Finally, CIBC boosted their target price on Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Nutrien currently has a consensus rating of “Hold” and a consensus target price of $60.13.

Nutrien Stock Performance

NYSE NTR opened at $52.35 on Thursday. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87. The stock has a market cap of $25.61 billion, a price-to-earnings ratio of 38.21, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The business has a fifty day moving average of $51.50 and a 200-day moving average of $48.76. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

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

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be paid a $0.545 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.16%. Nutrien’s payout ratio is currently 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.