Modera Wealth Management LLC Cuts Holdings in Nutrien Ltd. $NTR

Modera Wealth Management LLC lowered its stake in Nutrien Ltd. (NYSE:NTR) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,841 shares of the company’s stock after selling 1,611 shares during the period. Modera Wealth Management LLC’s holdings in Nutrien were worth $4,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Intech Investment Management LLC increased its position in shares of Nutrien by 284.0% in the 1st quarter. Intech Investment Management LLC now owns 69,128 shares of the company’s stock valued at $3,430,000 after purchasing an additional 51,126 shares during the last quarter. Covea Finance lifted its position in shares of Nutrien by 16.5% during the 2nd quarter. Covea Finance now owns 73,500 shares of the company’s stock worth $4,265,000 after purchasing an additional 10,400 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Nutrien during the first quarter worth $311,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Nutrien by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 736,996 shares of the company’s stock worth $36,607,000 after purchasing an additional 7,194 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Nutrien by 20.6% in the second quarter. Parallel Advisors LLC now owns 1,824 shares of the company’s stock valued at $106,000 after buying an additional 311 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Trading Up 2.2%

NTR opened at $56.80 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08. The business’s 50 day moving average is $57.38 and its two-hundred day moving average is $58.20. The firm has a market cap of $27.52 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.06. The business had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.59 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. On average, research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 31st. Nutrien’s dividend payout ratio (DPR) is presently 58.76%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NTR shares. Wells Fargo & Company reaffirmed a “cautious” rating on shares of Nutrien in a research report on Thursday, October 16th. Jefferies Financial Group lowered their price target on Nutrien from $61.00 to $60.00 and set a “hold” rating for the company in a report on Tuesday, September 9th. Zacks Research lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Oppenheimer reissued an “outperform” rating on shares of Nutrien in a report on Wednesday, October 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Nutrien in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.83.

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.