Corient Private Wealth LLC Buys 6,027 Shares of Nutrien Ltd. (NYSE:NTR)

Corient Private Wealth LLC lifted its stake in Nutrien Ltd. (NYSE:NTR) by 22.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 33,254 shares of the company’s stock after buying an additional 6,027 shares during the period. Corient Private Wealth LLC’s holdings in Nutrien were worth $1,489,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in Nutrien during the fourth quarter worth $27,000. HHM Wealth Advisors LLC boosted its stake in shares of Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after purchasing an additional 480 shares during the period. Assetmark Inc. grew its holdings in Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after purchasing an additional 690 shares during the last quarter. Asset Planning Inc bought a new position in Nutrien during the 4th quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC lifted its stake in Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 416 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Down 4.5 %

NYSE:NTR opened at $50.19 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The stock has a market capitalization of $24.56 billion, a P/E ratio of 36.64, a P/E/G ratio of 1.19 and a beta of 0.81. The company’s 50-day simple moving average is $51.67 and its 200-day simple moving average is $48.91. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87.

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 firm 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%. On average, equities analysts anticipate 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 given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 4.34%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio is currently 159.12%.

Analysts Set New Price Targets

A number of research firms have recently commented on NTR. Mizuho upped their target price on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. UBS Group increased their target price on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. The Goldman Sachs Group began coverage on shares of Nutrien in a research note on Thursday, March 13th. They set a “sell” rating and a $53.00 target price for the company. CIBC raised their price target on shares of Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research note on Tuesday, February 25th. Finally, Scotiabank boosted their price objective on shares of Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $60.13.

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.