RWA Wealth Partners LLC Cuts Position in Nutrien Ltd. (NYSE:NTR)

RWA Wealth Partners LLC decreased its position in shares of Nutrien Ltd. (NYSE:NTR) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,876 shares of the company’s stock after selling 726 shares during the period. RWA Wealth Partners LLC’s holdings in Nutrien were worth $352,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Covea Finance raised its holdings in shares of Nutrien by 21.9% during the 4th quarter. Covea Finance now owns 55,600 shares of the company’s stock valued at $2,485,000 after buying an additional 10,000 shares in the last quarter. Wellington Management Group LLP grew its position in Nutrien by 12.2% during the third quarter. Wellington Management Group LLP now owns 1,396,887 shares of the company’s stock valued at $67,200,000 after acquiring an additional 151,596 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Nutrien by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,886,376 shares of the company’s stock worth $84,367,000 after acquiring an additional 144,025 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Nutrien by 5.7% in the 4th quarter. Van ECK Associates Corp now owns 1,480,870 shares of the company’s stock worth $66,264,000 after acquiring an additional 80,382 shares during the last quarter. Finally, Secured Retirement Advisors LLC purchased a new stake in shares of Nutrien in the 4th quarter valued at $654,000. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. UBS Group boosted their price target on shares of Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Oppenheimer initiated coverage on Nutrien in a report on Thursday, December 12th. They set an “outperform” rating and a $60.00 target price for the company. Mizuho lifted their price target on Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Barclays increased their price objective on Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $60.00.

Nutrien Trading Up 0.0 %

NYSE:NTR opened at $49.67 on Wednesday. The company has a 50-day moving average price of $51.52 and a 200-day moving average price of $49.06. The stock has a market cap of $24.28 billion, a price-to-earnings ratio of 36.26, a P/E/G 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 Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given 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 4.39%. Nutrien’s dividend payout ratio is presently 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.