CORDA Investment Management LLC. Boosts Stock Holdings in Nutrien Ltd. (NYSE:NTR)

CORDA Investment Management LLC. lifted its stake in Nutrien Ltd. (NYSE:NTR) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 511,909 shares of the company’s stock after purchasing an additional 17,164 shares during the period. CORDA Investment Management LLC.’s holdings in Nutrien were worth $22,908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Uncommon Cents Investing LLC raised its position in Nutrien by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock valued at $517,000 after purchasing an additional 235 shares in the last quarter. Rhumbline Advisers raised its holdings in Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock valued at $331,000 after acquiring an additional 247 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings 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 acquiring an additional 263 shares in the last quarter. FFT Wealth Management LLC lifted its stake in Nutrien by 0.9% in the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock worth $1,330,000 after acquiring an additional 277 shares during the last quarter. Finally, Meixler Investment Management Ltd. grew its holdings in Nutrien by 4.2% during the 3rd quarter. Meixler Investment Management Ltd. now owns 7,159 shares of the company’s stock worth $344,000 after acquiring an additional 288 shares in the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NTR. Wells Fargo & Company raised their price objective on shares of Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. CIBC lifted their price target on Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a report on Tuesday. Piper Sandler increased 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. TD Securities decreased their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Finally, UBS Group increased their price target on shares of Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.11.

Nutrien Stock Down 1.2 %

NTR opened at $52.56 on Friday. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $60.87. The business has a 50 day moving average price of $49.99 and a two-hundred day moving average price of $48.41. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The company has a market cap of $25.74 billion, a PE ratio of 38.36, a P/E/G ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, research analysts anticipate 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. Stockholders of record on Monday, March 31st will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) 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.