Uncommon Cents Investing LLC Lowers Position in Nutrien Ltd. (NYSE:NTR)

Uncommon Cents Investing LLC lessened its holdings in Nutrien Ltd. (NYSE:NTR) by 11.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,085 shares of the company’s stock after selling 1,210 shares during the period. Uncommon Cents Investing LLC’s holdings in Nutrien were worth $512,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GHP Investment Advisors Inc. purchased a new stake in Nutrien during the third quarter valued at about $27,000. Legacy Financial Group LLC purchased a new stake in Nutrien during the third quarter valued at about $28,000. Covestor Ltd purchased a new stake in Nutrien during the first quarter valued at about $30,000. Zions Bancorporation N.A. raised its position in Nutrien by 55.2% during the first quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock valued at $31,000 after purchasing an additional 107 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Nutrien by 904.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after purchasing an additional 678 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 1.3 %

Shares of NTR stock traded up $0.68 during midday trading on Thursday, reaching $54.31. 3,255,919 shares of the stock were exchanged, compared to its average volume of 2,058,052. Nutrien Ltd. has a 1 year low of $47.90 and a 1 year high of $75.29. The company’s 50 day moving average is $51.72 and its two-hundred day moving average is $55.24. The company has a current ratio of 1.17, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The firm has a market cap of $26.86 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.67 and a beta of 0.89.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). Nutrien had a return on equity of 8.59% and a net margin of 4.33%. The firm had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.36 billion. During the same quarter last year, the company posted $2.02 EPS. The firm’s revenue was down 24.8% on a year-over-year basis. On average, equities research analysts predict that Nutrien Ltd. will post 3.96 EPS for the current year.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be given a $0.54 dividend. This is a boost from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Wednesday, March 27th. Nutrien’s payout ratio is currently 83.79%.

Analyst Upgrades and Downgrades

NTR has been the topic of a number of research reports. The Goldman Sachs Group lowered their price target on Nutrien from $88.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. TD Securities reduced their price objective on Nutrien from $75.00 to $67.00 and set a “buy” rating on the stock in a research note on Tuesday, February 20th. BNP Paribas cut Nutrien from an “outperform” rating to a “neutral” rating in a research note on Thursday, November 30th. Jefferies Financial Group began coverage on Nutrien in a research note on Tuesday. They set a “buy” rating and a $62.00 price objective on the stock. Finally, Royal Bank of Canada reduced their price objective on Nutrien from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $69.43.

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.