Lee Danner & Bass Inc. Takes $67,000 Position in Nutrien Ltd. (NYSE:NTR)

Lee Danner & Bass Inc. acquired a new stake in Nutrien Ltd. (NYSE:NTR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,507 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds have also modified their holdings of the company. Fairway Wealth LLC acquired a new stake in shares of Nutrien in the fourth quarter valued at $27,000. HHM Wealth Advisors LLC raised its stake in shares of Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after acquiring an additional 480 shares in the last quarter. Assetmark Inc. raised its stake in shares of Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after acquiring an additional 690 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of Nutrien in the fourth quarter valued at $35,000. Finally, Exchange Traded Concepts LLC increased its holdings in Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after buying an additional 416 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Price Performance

Shares of NYSE NTR opened at $52.48 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The stock has a fifty day moving average price of $51.67 and a 200 day moving average price of $48.83. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. The company has a market cap of $25.68 billion, a PE ratio of 38.31, a P/E/G 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 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 for the quarter, compared to analyst estimates of $5.09 billion. Sell-side analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is currently 159.12%.

Analysts Set New Price Targets

Several research firms have recently issued reports on NTR. UBS Group upped their price objective on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Wells Fargo & Company upped their price target on Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and increased their price target for the company from $40.00 to $50.00 in a research note on Monday, January 13th. CIBC increased their price target on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research note on Tuesday, February 25th. Finally, Oppenheimer assumed coverage on shares of Nutrien in a research note on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price target on the stock. Two equities 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 company. According to MarketBeat, Nutrien presently has an average rating of “Hold” and a consensus target price of $60.13.

Nutrien Company 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.