Exchange Traded Concepts LLC Boosts Stock Position in Nutrien Ltd. (NYSE:NTR)

Exchange Traded Concepts LLC raised its position in Nutrien Ltd. (NYSE:NTR) by 96.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 846 shares of the company’s stock after purchasing an additional 416 shares during the period. Exchange Traded Concepts LLC’s holdings in Nutrien were worth $38,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTR. AQR Capital Management LLC lifted its stake in shares of Nutrien by 28.4% during the second quarter. AQR Capital Management LLC now owns 5,348 shares of the company’s stock valued at $272,000 after buying an additional 1,184 shares during the period. Creative Planning raised its holdings in Nutrien by 1.3% in the 2nd quarter. Creative Planning now owns 36,051 shares of the company’s stock valued at $1,835,000 after acquiring an additional 451 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Nutrien by 4.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 22,825 shares of the company’s stock worth $1,162,000 after purchasing an additional 1,000 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Nutrien during the second quarter worth $2,184,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Nutrien in the second quarter valued at $52,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. CIBC reiterated an “outperformer” rating and set a $55.00 target price (down from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. Oppenheimer initiated coverage on shares of Nutrien in a report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price objective on the stock. TD Securities decreased their target price 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. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, Barclays reiterated an “equal weight” rating and issued a $56.00 price target (up previously from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.94.

Nutrien Trading Down 1.3 %

NYSE:NTR opened at $51.65 on Monday. The business’s 50-day moving average is $48.23 and its two-hundred day moving average is $48.08. The firm has a market capitalization of $25.36 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $60.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

Nutrien (NYSE:NTR) last posted its earnings results 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). The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. Nutrien’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. Research analysts predict that Nutrien Ltd. will post 3.49 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.939 per share. The ex-dividend date was Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.27%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio (DPR) is currently 144.97%.

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.