Lee Danner & Bass Inc. Buys Shares of 1,507 Nutrien Ltd. (NYSE:NTR)

Lee Danner & Bass Inc. bought a new stake in Nutrien Ltd. (NYSE:NTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,507 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Uncommon Cents Investing LLC raised its stake in shares of Nutrien by 2.1% during the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock worth $517,000 after buying an additional 235 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Nutrien by 3.5% during the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock worth $331,000 after buying an additional 247 shares during the last quarter. FFT Wealth Management LLC raised its stake in shares of Nutrien by 0.9% during the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock worth $1,330,000 after buying an additional 277 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Nutrien by 23.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company’s stock worth $81,000 after buying an additional 348 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its stake in shares of Nutrien by 3.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 11,317 shares of the company’s stock worth $544,000 after buying an additional 365 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NTR. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Scotiabank lifted their price target on Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 24th. Wells Fargo & Company lifted their price objective on Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Mizuho lifted their price objective on Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group assumed coverage on Nutrien in a research report on Thursday, March 13th. They set a “sell” rating and a $53.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Hold” and a consensus price target of $60.13.

Nutrien Stock Up 0.1 %

NTR opened at $52.48 on Friday. 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 $25.68 billion, a price-to-earnings ratio of 38.31, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The business has a 50-day moving average of $51.67 and a two-hundred day moving average of $48.83. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 EPS 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 analysts’ expectations of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. On average, research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio is currently 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.