180 Wealth Advisors LLC Purchases 471 Shares of Nutrien Ltd. (NYSE:NTR)

180 Wealth Advisors LLC raised its position in Nutrien Ltd. (NYSE:NTR) by 7.1% in the 4th quarter, Holdings Channel reports. The firm owned 7,144 shares of the company’s stock after buying an additional 471 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Nutrien were worth $320,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NTR. Central Pacific Bank Trust Division bought a new position in Nutrien in the 3rd quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Nutrien in the 2nd quarter valued at $52,000. Larson Financial Group LLC boosted its holdings in Nutrien by 1,370.6% in the 3rd quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock valued at $77,000 after purchasing an additional 1,494 shares during the period. Cromwell Holdings LLC boosted its holdings in Nutrien by 113.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock valued at $82,000 after purchasing an additional 900 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Nutrien by 56.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,680 shares of the company’s stock valued at $86,000 after purchasing an additional 605 shares during the period. 63.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NTR has been the topic of several research reports. UBS Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $40.00 to $50.00 in a research report on Monday. TD Securities lowered their price objective on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. CIBC restated an “outperformer” rating and set a $55.00 price objective (down previously from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. Finally, Piper Sandler upgraded shares of Nutrien from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $50.00 to $58.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.21.

Nutrien Price Performance

NTR stock opened at $52.08 on Thursday. The firm’s 50-day moving average price is $46.90 and its two-hundred day moving average price is $47.85. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $60.87. The stock has a market capitalization of $25.64 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 1.73 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 released its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. Nutrien’s revenue was down 5.0% compared to the same quarter last year. As a group, equities analysts predict that Nutrien Ltd. will post 3.5 earnings per share for the current year.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a $0.939 dividend. This is a boost from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.21%. Nutrien’s payout ratio is presently 144.97%.

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.