Jones Financial Companies Lllp Buys 82,075 Shares of Nutrien Ltd. (NYSE:NTR)

Jones Financial Companies Lllp grew its stake in Nutrien Ltd. (NYSE:NTR) by 58.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 221,963 shares of the company’s stock after buying an additional 82,075 shares during the period. Jones Financial Companies Lllp’s holdings in Nutrien were worth $9,933,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Nutrien during the 3rd quarter valued at approximately $2,296,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Nutrien by 6.5% in the 3rd 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 during the last quarter. US Bancorp DE increased its position in shares of Nutrien by 15.5% during the third quarter. US Bancorp DE now owns 23,574 shares of the company’s stock worth $1,133,000 after buying an additional 3,157 shares during the period. Farther Finance Advisors LLC raised its stake in Nutrien by 217.0% during the third quarter. Farther Finance Advisors LLC now owns 3,500 shares of the company’s stock worth $168,000 after buying an additional 2,396 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Nutrien by 25.7% in the third quarter. Janney Montgomery Scott LLC now owns 97,635 shares of the company’s stock valued at $4,692,000 after buying an additional 19,984 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Oppenheimer began 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 lifted their target price on Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $40.00 to $50.00 in a report on Monday, January 13th. UBS Group lifted their price objective 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. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research note on Monday, February 24th. 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.76.

Nutrien Price Performance

NTR stock opened at $49.56 on Tuesday. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The business has a 50-day simple moving average of $50.25 and a two-hundred day simple moving average of $48.51. The company has a market capitalization of $24.25 billion, a P/E ratio of 36.18, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last released its quarterly earnings results 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). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. Research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors 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 dividend yield of 4.40%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is currently 159.12%.

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.