Cerity Partners LLC Lowers Stake in Nutrien Ltd. (NYSE:NTR)

Cerity Partners LLC trimmed its position in Nutrien Ltd. (NYSE:NTR) by 20.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,854 shares of the company’s stock after selling 2,795 shares during the quarter. Cerity Partners LLC’s holdings in Nutrien were worth $518,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Mizuho lifted 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. Scotiabank boosted their price objective on shares of Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Monday, February 24th. The Goldman Sachs Group started coverage on shares of Nutrien in a research report on Thursday, March 13th. They issued a “sell” rating and a $53.00 price objective for the company. UBS Group dropped their target price on Nutrien from $54.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company increased their price target on Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.40.

Nutrien Price Performance

Shares of NYSE NTR opened at $52.57 on Tuesday. 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 $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 current ratio of 1.27 and a quick ratio of 0.82. The business’s fifty day moving average price is $50.92 and its two-hundred day moving average price is $49.27.

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 for the quarter, compared to analyst estimates of $5.09 billion. On average, research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.15%. Nutrien’s dividend payout ratio (DPR) is presently 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.