Fairway Wealth LLC Invests $27,000 in Nutrien Ltd. (NYSE:NTR)

Fairway Wealth LLC acquired a new stake in Nutrien Ltd. (NYSE:NTR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 600 shares of the company’s stock, valued at approximately $27,000.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in Nutrien by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock valued at $207,000 after purchasing an additional 263 shares in the last quarter. Atria Investments Inc grew its position in shares of Nutrien by 2.0% in the 3rd quarter. Atria Investments Inc now owns 14,636 shares of the company’s stock valued at $703,000 after buying an additional 290 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Nutrien in the 3rd quarter valued at about $265,000. MQS Management LLC acquired a new position in shares of Nutrien in the 3rd quarter valued at about $665,000. Finally, Metis Global Partners LLC raised its stake in Nutrien by 51.3% during the 3rd quarter. Metis Global Partners LLC now owns 124,317 shares of the company’s stock worth $5,974,000 after buying an additional 42,167 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on NTR shares. Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Barclays boosted their price target on Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th. Mizuho increased their price target on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. Finally, TD Securities cut their price target on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.13.

Nutrien Stock Up 1.3 %

Shares of NYSE NTR opened at $51.19 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The stock has a market cap of $25.05 billion, a PE ratio of 37.37, a P/E/G ratio of 1.19 and a beta of 0.81. The company has a 50-day moving average of $50.96 and a 200 day moving average of $48.63. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 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 firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. As a group, sell-side analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s payout ratio is currently 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.