Nutrien Ltd. (NYSE:NTR) Shares Sold by Aviso Financial Inc.

Aviso Financial Inc. cut its holdings in Nutrien Ltd. (NYSE:NTR) by 48.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,307 shares of the company’s stock after selling 66,231 shares during the quarter. Aviso Financial Inc.’s holdings in Nutrien were worth $3,100,000 as of its most recent SEC filing.

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

Nutrien Stock Down 1.3 %

Shares of NTR opened at $50.10 on Friday. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. The firm’s 50 day moving average is $51.18 and its 200-day moving average is $48.66. The stock has a market capitalization of $24.51 billion, a PE ratio of 36.57, a P/E/G ratio of 1.19 and a beta of 0.81. 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 (NYSE:NTR) last posted its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. Equities research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 4.35%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is currently 159.12%.

Wall Street Analyst Weigh In

NTR has been the subject of a number of recent analyst reports. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. UBS Group boosted their price objective on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Piper Sandler upped their target price on Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a research report on Monday, February 24th. Finally, Wells Fargo & Company upped their target price on Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.13.

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.