Simplicity Solutions LLC Has $344,000 Stock Position in Nutrien Ltd. (NYSE:NTR)

Simplicity Solutions LLC grew its position in Nutrien Ltd. (NYSE:NTR) by 14.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,097 shares of the company’s stock after purchasing an additional 774 shares during the period. Simplicity Solutions LLC’s holdings in Nutrien were worth $344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Nutrien by 1.9% in the third quarter. Vanguard Group Inc. now owns 18,052,214 shares of the company’s stock worth $1,114,905,000 after buying an additional 332,190 shares during the period. Deutsche Bank AG boosted its holdings in shares of Nutrien by 1.5% in the third quarter. Deutsche Bank AG now owns 14,708,135 shares of the company’s stock worth $908,374,000 after buying an additional 214,299 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Nutrien by 2.2% in the third quarter. Mackenzie Financial Corp now owns 13,091,872 shares of the company’s stock worth $748,638,000 after buying an additional 282,531 shares during the period. Parnassus Investments LLC boosted its holdings in shares of Nutrien by 1.3% in the third quarter. Parnassus Investments LLC now owns 10,057,019 shares of the company’s stock worth $621,121,000 after buying an additional 131,418 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Nutrien by 0.5% in the third quarter. First Eagle Investment Management LLC now owns 9,262,659 shares of the company’s stock worth $572,062,000 after buying an additional 48,230 shares during the period. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the stock. BMO Capital Markets decreased their target price on shares of Nutrien from $86.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, January 25th. Wolfe Research began coverage on shares of Nutrien in a report on Friday, March 1st. They set an “outperform” rating and a $66.00 price target for the company. CIBC decreased their price target on shares of Nutrien from $87.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Wells Fargo & Company decreased their price target on shares of Nutrien from $77.00 to $69.00 and set an “overweight” rating for the company in a report on Monday, February 26th. Finally, Royal Bank of Canada decreased their price target on shares of Nutrien from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.95.

Nutrien Trading Up 0.2 %

NYSE:NTR opened at $52.78 on Friday. Nutrien Ltd. has a 12 month low of $47.90 and a 12 month high of $72.96. The firm has a market cap of $26.10 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 1.97 and a beta of 0.89. 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 company’s 50 day moving average is $52.99 and its 200-day moving average is $54.31.

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

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a $0.54 dividend. This is a positive change from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.09%. Nutrien’s dividend payout ratio (DPR) is currently 85.38%.

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.