Commonwealth Equity Services LLC Purchases 28,315 Shares of Nutrien Ltd. (NYSE:NTR)

Commonwealth Equity Services LLC grew its position in shares of Nutrien Ltd. (NYSE:NTR) by 26.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 134,758 shares of the company’s stock after purchasing an additional 28,315 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Nutrien were worth $6,030,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in shares of Nutrien in the 4th quarter valued at $27,000. HHM Wealth Advisors LLC increased its stake in shares of Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after acquiring an additional 480 shares in the last quarter. Assetmark Inc. increased its stake 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 acquiring an additional 690 shares in the last quarter. Asset Planning Inc bought a new stake in shares of Nutrien in the 4th quarter valued at $35,000. Finally, Exchange Traded Concepts LLC increased 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 acquiring an additional 416 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NTR. Scotiabank boosted their price target on shares of Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Monday, February 24th. Mizuho boosted their price target on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Wells Fargo & Company boosted their price target on shares of Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. CIBC boosted their price target on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research note on Tuesday, February 25th. Finally, Oppenheimer began coverage on shares of Nutrien in a research note on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.13.

Nutrien Trading Up 0.1 %

NTR stock opened at $52.48 on Friday. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. 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 company has a market capitalization of $25.68 billion, a price-to-earnings ratio of 38.31, a PEG ratio of 1.19 and a beta of 0.81. The business has a 50 day simple moving average of $51.67 and a two-hundred day simple moving average of $48.82.

Nutrien (NYSE:NTR) last posted its quarterly 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). The business had revenue of $5.08 billion during 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%. Research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued 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 yield of 4.15%. Nutrien’s payout ratio is presently 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.