Signaturefd LLC Raises Stock Position in Nutrien Ltd. (NYSE:NTR)

Signaturefd LLC grew its holdings in Nutrien Ltd. (NYSE:NTR) by 64.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,198 shares of the company’s stock after buying an additional 4,782 shares during the period. Signaturefd LLC’s holdings in Nutrien were worth $546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NTR. Fairway Wealth LLC bought a new stake in shares of Nutrien in the 4th quarter worth about $27,000. HHM Wealth Advisors LLC lifted its holdings in shares of Nutrien by 331.0% in 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 last quarter. 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 worth $33,000 after acquiring an additional 690 shares during the last quarter. Asset Planning Inc bought a new stake in shares of Nutrien in the 4th quarter worth about $35,000. Finally, Exchange Traded Concepts LLC lifted its holdings in Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after buying an additional 416 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Up 0.2 %

Nutrien stock opened at $52.46 on Friday. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. The business has a fifty day moving average price of $51.59 and a 200-day moving average price of $48.79. 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 stock has a market capitalization of $25.67 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.09 billion. Equities research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be paid a dividend of $0.545 per share. The ex-dividend date is Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.16%. Nutrien’s dividend payout ratio (DPR) is 159.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NTR shares. Barclays lifted their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, March 5th. The Goldman Sachs Group started coverage on shares of Nutrien in a report on Thursday, March 13th. They set a “sell” rating and a $53.00 price objective for the company. Mizuho lifted their price objective on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Raymond James upgraded shares of 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 report on Tuesday, December 3rd. Finally, Scotiabank lifted their price objective on shares of Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $60.13.

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.