Burney Co. Buys Shares of 12,029 Nutrien Ltd. $NTR

Burney Co. bought a new stake in Nutrien Ltd. (NYSE:NTR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 12,029 shares of the company’s stock, valued at approximately $742,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Nutrien during the third quarter worth about $37,000. Eastern Bank grew its position in shares of Nutrien by 133.0% during the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after buying an additional 399 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Nutrien by 42.4% during the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after buying an additional 219 shares in the last quarter. Fulcrum Asset Management LLP acquired a new position in shares of Nutrien during the third quarter worth about $46,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Nutrien during the first quarter worth about $54,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Stock Performance

Shares of NTR opened at $73.65 on Wednesday. The stock has a 50 day moving average price of $74.32 and a 200 day moving average price of $65.50. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $35.43 billion, a price-to-earnings ratio of 15.80 and a beta of 0.69. Nutrien Ltd. has a 52-week low of $51.98 and a 52-week high of $85.36.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The business had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a net margin of 8.43% and a return on equity of 8.41%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be paid a $0.55 dividend. This is an increase from Nutrien’s previous quarterly dividend of $0.55. This represents a $2.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, March 31st. Nutrien’s dividend payout ratio (DPR) is presently 47.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NTR shares. Oppenheimer boosted their price objective on Nutrien from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. JPMorgan Chase & Co. boosted their price objective on Nutrien from $68.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Royal Bank Of Canada boosted their price objective on Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Raymond James Financial boosted their price objective on Nutrien from $68.00 to $74.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Finally, Mizuho boosted their price objective on Nutrien from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $79.65.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.