Nutrien Ltd. (NYSE:NTR) Shares Purchased by Cadence Bank

Cadence Bank grew its position in shares of Nutrien Ltd. (NYSE:NTR) by 33.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,011 shares of the company’s stock after purchasing an additional 30,657 shares during the period. Cadence Bank’s holdings in Nutrien were worth $5,415,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 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 position in Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after purchasing an additional 480 shares during the period. Assetmark Inc. boosted its position in shares of Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after purchasing an additional 690 shares in the last quarter. Asset Planning Inc bought a new position in shares of Nutrien in the fourth quarter valued at $35,000. Finally, Exchange Traded Concepts LLC boosted its position 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 during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Down 1.4 %

Shares of NYSE NTR opened at $52.50 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $25.66 billion, a PE ratio of 38.32, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. The firm’s 50-day moving average is $50.85 and its 200-day moving average is $49.24. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 2.62% and a return on equity of 6.81%. Equities analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were issued a $0.545 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.15%. Nutrien’s dividend payout ratio is presently 159.12%.

Analyst Ratings Changes

NTR has been the subject of a number of recent analyst reports. BNP Paribas raised shares of Nutrien to a “strong-buy” rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $40.00 to $50.00 in a report on Monday, January 13th. Berenberg Bank raised their target price on Nutrien from $54.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Company lifted their price target on shares of Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. Finally, Mizuho boosted their target price on shares of Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.40.

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.