EverSource Wealth Advisors LLC Increases Holdings in Nutrien Ltd. (NYSE:NTR)

EverSource Wealth Advisors LLC boosted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 23.9% during the fourth quarter, Holdings Channel reports. The firm owned 1,804 shares of the company’s stock after acquiring an additional 348 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Nutrien were worth $81,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Uncommon Cents Investing LLC increased its holdings in Nutrien by 2.1% during the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock valued at $517,000 after purchasing an additional 235 shares during the period. Rhumbline Advisers increased its holdings in Nutrien by 3.5% during the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock valued at $331,000 after purchasing an additional 247 shares during the period. FFT Wealth Management LLC grew its holdings in shares of Nutrien by 0.9% during the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock worth $1,330,000 after acquiring an additional 277 shares during the period. Atria Investments Inc grew its holdings in shares of Nutrien by 2.0% during the 3rd quarter. Atria Investments Inc now owns 14,636 shares of the company’s stock worth $703,000 after acquiring an additional 290 shares during the period. Finally, Kingsview Wealth Management LLC grew its holdings in shares of Nutrien by 3.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 11,317 shares of the company’s stock worth $544,000 after acquiring an additional 365 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NTR has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 target price on shares of Nutrien in a report on Monday, February 24th. Barclays upped their target price on Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th. Piper Sandler upped their target price on Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Scotiabank upped their target price on Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Monday, February 24th. Finally, Wells Fargo & Company upped their target price on Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Nutrien currently has an average rating of “Hold” and an average target price of $60.13.

Nutrien Stock Performance

NTR stock opened at $52.06 on Wednesday. The stock has a market capitalization of $25.47 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87. 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 stock’s 50 day simple moving average is $51.41 and its 200 day simple moving average is $48.74.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal 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 issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.19%. 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.