MONECO Advisors LLC Has $419,000 Position in Nutrien Ltd. (NYSE:NTR)

MONECO Advisors LLC cut its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,356 shares of the company’s stock after selling 641 shares during the quarter. MONECO Advisors LLC’s holdings in Nutrien were worth $419,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. HHM Wealth Advisors LLC increased its holdings in shares of Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after acquiring an additional 480 shares during the last quarter. Asset Planning Inc acquired a new position in shares of Nutrien during the 4th quarter worth approximately $35,000. Exchange Traded Concepts LLC increased its holdings in shares of Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after acquiring an additional 416 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Nutrien by 138.1% during the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock worth $42,000 after acquiring an additional 540 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Nutrien during the 4th quarter worth approximately $67,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTR has been the topic of a number of research reports. TD Securities decreased their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Barclays reaffirmed an “equal weight” rating and issued a $56.00 price objective (up from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $40.00 to $50.00 in a report on Monday, January 13th. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. Finally, Piper Sandler upped their price objective on Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Nutrien presently has an average rating of “Moderate Buy” and an average price target of $59.50.

Nutrien Trading Down 1.0 %

Shares of NTR opened at $52.05 on Tuesday. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $60.87. The business’s fifty day moving average is $49.51 and its 200-day moving average is $48.29. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The firm has a market cap of $25.49 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last issued its quarterly earnings results 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). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Equities analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a $0.545 dividend. 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.