Faithward Advisors LLC Increases Stock Position in Nutrien Ltd. (NYSE:NTR)

Faithward Advisors LLC raised its position in Nutrien Ltd. (NYSE:NTR) by 3.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 63,375 shares of the company’s stock after purchasing an additional 2,351 shares during the quarter. Faithward Advisors LLC’s holdings in Nutrien were worth $2,836,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in Nutrien during the 4th quarter valued at about $27,000. HHM Wealth Advisors LLC grew its position in shares of Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after buying an additional 480 shares during the last quarter. Assetmark Inc. increased its stake in shares of Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after buying an additional 690 shares during the period. Asset Planning Inc bought a new position in shares of Nutrien during the fourth quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC lifted its stake in Nutrien by 96.7% in the fourth 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 period. 63.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a research report on Monday, February 24th. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. Mizuho lifted their price objective on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. CIBC upped their price target on Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research note on Tuesday, February 25th. 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 equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.00.

Nutrien Stock Performance

Shares of NTR stock opened at $47.58 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average price of $51.20 and a 200-day moving average price of $49.11. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87. The firm has a market capitalization of $23.26 billion, a PE ratio of 34.73, a P/E/G ratio of 1.19 and a beta of 0.77.

Nutrien (NYSE:NTR) last posted 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). The company 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%. As a group, equities research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be given a $0.545 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.58%. 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.