LPL Financial LLC Acquires 7,780 Shares of Nutrien Ltd. (NYSE:NTR)

LPL Financial LLC boosted its holdings in Nutrien Ltd. (NYSE:NTR) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,732 shares of the company’s stock after buying an additional 7,780 shares during the period. LPL Financial LLC’s holdings in Nutrien were worth $4,687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NTR. Uncommon Cents Investing LLC lifted its stake in shares of Nutrien by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock valued at $517,000 after purchasing an additional 235 shares during the period. Rhumbline Advisers lifted its stake in Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock valued at $331,000 after buying an additional 247 shares during the period. FFT Wealth Management LLC lifted its stake in Nutrien by 0.9% in the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock valued at $1,330,000 after buying an additional 277 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Nutrien by 23.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company’s stock worth $81,000 after buying an additional 348 shares during the last quarter. Finally, PFG Investments LLC grew its position in shares of Nutrien by 2.0% during the 4th quarter. PFG Investments LLC now owns 20,097 shares of the company’s stock worth $899,000 after buying an additional 386 shares during the period. 63.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NTR shares. Oppenheimer began coverage on shares of Nutrien in a research report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price target on the stock. UBS Group increased their target price on shares of Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. CIBC boosted their price target on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a report on Tuesday, February 25th. Wells Fargo & Company raised their price objective on Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 target price on shares of Nutrien in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.00.

Nutrien Stock Up 3.4 %

Shares of NTR stock opened at $48.48 on Thursday. The firm’s fifty day moving average price is $50.83 and its two-hundred day moving average price is $49.10. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The firm has a market capitalization of $23.70 billion, a P/E ratio of 35.39, a PEG ratio of 1.19 and a beta of 0.77.

Nutrien (NYSE:NTR) last released 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 company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. On average, equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.50%. Nutrien’s payout ratio is 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.