Nutrien Ltd. (NYSE:NTR) Position Reduced by Cerity Partners LLC

Cerity Partners LLC reduced its position in shares of Nutrien Ltd. (NYSE:NTR) by 20.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,854 shares of the company’s stock after selling 2,795 shares during the period. Cerity Partners LLC’s holdings in Nutrien were worth $518,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NTR. Fairway Wealth LLC bought a new position in Nutrien during the fourth quarter valued at about $27,000. HHM Wealth Advisors LLC lifted its holdings in Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after acquiring an additional 480 shares during the last quarter. Assetmark Inc. boosted its position in shares of 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 in the last quarter. Asset Planning Inc acquired a new position in shares of Nutrien in the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 416 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Up 0.1 %

Shares of NYSE:NTR opened at $52.57 on Tuesday. The company has a market capitalization of $25.70 billion, a PE ratio of 38.37, a P/E/G ratio of 1.19 and a beta of 0.77. 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 company’s fifty day moving average is $50.92 and its 200-day moving average is $49.27. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Equities research 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 was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were paid a $0.545 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.15%. Nutrien’s dividend payout ratio (DPR) is presently 159.12%.

Wall Street Analyst Weigh In

NTR has been the subject of a number of research reports. CIBC raised their target price on shares of Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a report on Tuesday, February 25th. Piper Sandler lifted their target price on Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. UBS Group reduced their target price on Nutrien from $54.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. Finally, Mizuho upped their price objective on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $59.40.

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.