MONECO Advisors LLC Sells 641 Shares of Nutrien Ltd. (NYSE:NTR)

MONECO Advisors LLC lowered its position in shares of Nutrien Ltd. (NYSE:NTR) by 6.4% during the fourth quarter, HoldingsChannel reports. The fund owned 9,356 shares of the company’s stock after selling 641 shares during the quarter. MONECO Advisors LLC’s holdings in Nutrien were worth $419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HHM Wealth Advisors LLC grew 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 last quarter. Asset Planning Inc bought a new stake in Nutrien during the 4th quarter worth $35,000. Exchange Traded Concepts LLC grew its position in Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after acquiring an additional 416 shares during the last quarter. Principal Securities Inc. lifted its holdings in Nutrien by 138.1% during the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock worth $42,000 after buying an additional 540 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in Nutrien during the 4th quarter worth about $67,000. Institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. CIBC reaffirmed an “outperformer” rating and set a $55.00 target price (down from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Wells Fargo & Company lifted their target price on Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday. Scotiabank lifted their target price on Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Monday. TD Securities cut their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 target price on shares of Nutrien in a report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.50.

Nutrien Stock Performance

Shares of Nutrien stock opened at $52.05 on Tuesday. Nutrien Ltd. has a one year low of $43.69 and a one year high of $60.87. The firm has a market capitalization of $25.49 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 1.19 and a beta of 0.81. The business has a 50-day simple moving average of $49.51 and a 200 day simple moving average of $48.29. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

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

Nutrien Cuts Dividend

The company 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 $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s payout ratio is 159.12%.

About Nutrien

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.