Smith Moore & CO. Has $328,000 Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Smith Moore & CO. reduced its position in shares of Nutrien Ltd. (NYSE:NTR) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,324 shares of the company’s stock after selling 533 shares during the period. Smith Moore & CO.’s holdings in Nutrien were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NTR. Fairway Wealth LLC acquired a new position in shares of Nutrien during the 4th quarter worth $27,000. HHM Wealth Advisors LLC raised its stake in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after acquiring an additional 480 shares in the last quarter. Assetmark Inc. raised its stake in Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock worth $33,000 after acquiring an additional 690 shares in the last quarter. Asset Planning Inc bought a new position in shares of Nutrien in the fourth quarter worth about $35,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 416 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on NTR. Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a research note on Monday, February 24th. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and increased their price target for the company from $40.00 to $50.00 in a research note on Monday, January 13th. UBS Group raised 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. The Goldman Sachs Group started coverage on Nutrien in a report on Thursday, March 13th. They issued a “sell” rating and a $53.00 target price for the company. Finally, Scotiabank lifted their price target on Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Nutrien currently has an average rating of “Hold” and a consensus price target of $60.00.

Nutrien Stock Down 6.4 %

Nutrien stock opened at $47.44 on Friday. The firm has a market cap of $23.19 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 1.19 and a beta of 0.77. Nutrien Ltd. has a 52-week low of $43.70 and a 52-week high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The firm has a 50 day moving average price of $51.30 and a two-hundred day moving average price of $49.10.

Nutrien (NYSE:NTR) last announced 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 firm 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 analysts predict that Nutrien Ltd. will post 3.72 EPS for the current 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 given a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.60%. Nutrien’s payout ratio is 159.12%.

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.