Tocqueville Asset Management L.P. Lowers Holdings in Nutrien Ltd. (NYSE:NTR)

Tocqueville Asset Management L.P. lowered its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 526,243 shares of the company’s stock after selling 93,235 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 0.11% of Nutrien worth $23,549,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTR. Fairway Wealth LLC purchased a new position in shares of Nutrien in the fourth quarter worth $27,000. HHM Wealth Advisors LLC lifted its stake in 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 purchasing an additional 480 shares in the last quarter. Assetmark Inc. boosted its holdings 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 during the last quarter. Asset Planning Inc purchased a new position in shares of Nutrien during the fourth quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of 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 buying an additional 416 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

NTR has been the subject of several research analyst reports. Wells Fargo & Company raised their price target on Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Mizuho upped 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. The Goldman Sachs Group initiated coverage on shares of Nutrien in a research note on Thursday, March 13th. They issued a “sell” rating and a $53.00 price objective for the company. Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their target price for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 price target on shares of Nutrien in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $60.13.

Nutrien Trading Up 2.7 %

NYSE NTR opened at $52.19 on Tuesday. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. The company’s 50-day moving average price is $51.33 and its 200-day moving average price is $48.71. The stock has a market cap of $25.53 billion, a PE ratio of 38.09, a PEG ratio of 1.19 and a beta of 0.81. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.

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). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. Equities research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date 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.