Virtu Financial LLC Sells 7,356 Shares of Nutrien Ltd. (NYSE:NTR)

Virtu Financial LLC lowered its position in Nutrien Ltd. (NYSE:NTR) by 43.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,607 shares of the company’s stock after selling 7,356 shares during the period. Virtu Financial LLC’s holdings in Nutrien were worth $430,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NTR. Fairway Wealth LLC purchased a new stake in shares of Nutrien during the fourth quarter worth about $27,000. HHM Wealth Advisors LLC boosted its stake in Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after purchasing an additional 480 shares during the period. Assetmark Inc. grew its holdings in Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after buying an additional 690 shares in the last quarter. Asset Planning Inc bought a new stake in shares of Nutrien during the fourth quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after buying an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 0.7 %

Shares of NYSE:NTR opened at $50.48 on Thursday. The firm has a market capitalization of $24.70 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The business has a 50 day simple moving average of $51.64 and a two-hundred day simple moving average of $48.93. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year 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 quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.09 billion. On average, equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a dividend of $0.545 per share. The ex-dividend date is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.32%. Nutrien’s payout ratio is 159.12%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $40.00 to $50.00 in a report on Monday, January 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a research report on Monday, February 24th. Oppenheimer initiated coverage on Nutrien in a report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target for the company. Piper Sandler upped their price objective on Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Finally, CIBC raised their target price on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $60.00.

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.