Euro Pacific Asset Management LLC Sells 595 Shares of Nutrien Ltd. (NYSE:NTR)

Euro Pacific Asset Management LLC cut its position in Nutrien Ltd. (NYSE:NTR) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,792 shares of the company’s stock after selling 595 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in Nutrien were worth $6,607,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NTR. GHP Investment Advisors Inc. bought a new stake in Nutrien in the 3rd quarter valued at about $27,000. Legacy Financial Group LLC purchased a new stake in shares of Nutrien in the third quarter worth $28,000. Covestor Ltd purchased a new position in Nutrien in the 1st quarter worth approximately $30,000. Zions Bancorporation N.A. grew its position in Nutrien by 55.2% in the first quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock worth $31,000 after acquiring an additional 107 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Nutrien by 904.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after acquiring an additional 678 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 0.9 %

NYSE NTR traded up $0.49 during trading hours on Thursday, reaching $52.30. 676,021 shares of the company’s stock traded hands, compared to its average volume of 2,032,965. The firm has a 50-day simple moving average of $52.84 and a 200 day simple moving average of $54.37. Nutrien Ltd. has a 52-week low of $47.90 and a 52-week high of $73.41. The firm has a market cap of $25.87 billion, a PE ratio of 20.48, a PEG ratio of 1.89 and a beta of 0.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.65.

Nutrien (NYSE:NTR) last posted its quarterly earnings data 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 net margin of 4.33% and a return on equity of 8.59%. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same period last year, the business earned $2.02 EPS. The firm’s quarterly revenue was down 24.8% on a year-over-year basis. Sell-side analysts anticipate that Nutrien Ltd. will post 3.91 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.16 annualized dividend and a dividend yield of 4.13%. This is an increase from Nutrien’s previous quarterly dividend of $0.53. Nutrien’s dividend payout ratio (DPR) is 85.38%.

Wall Street Analysts Forecast Growth

NTR has been the subject of a number of research reports. Jefferies Financial Group started coverage on Nutrien in a report on Tuesday, March 26th. They issued a “buy” rating and a $62.00 price objective for the company. Stifel Nicolaus lifted their target price on shares of Nutrien from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. BMO Capital Markets lowered their target price on Nutrien from $86.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. The Goldman Sachs Group reduced 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. Finally, Raymond James lowered Nutrien from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $80.00 to $65.00 in a research note on Friday, January 12th. Two 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.com, the company presently has an average rating of “Hold” and an average price target of $67.95.

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.