Cadence Wealth Management LLC Purchases 1,892 Shares of Nutrien Ltd. (NYSE:NTR)

Cadence Wealth Management LLC increased its position in shares of Nutrien Ltd. (NYSE:NTR) by 18.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,362 shares of the company’s stock after acquiring an additional 1,892 shares during the quarter. Nutrien comprises 0.4% of Cadence Wealth Management LLC’s holdings, making the stock its 26th biggest position. Cadence Wealth Management LLC’s holdings in Nutrien were worth $553,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Silchester International Investors LLP increased its stake in Nutrien by 9.5% during the 4th quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock valued at $523,268,000 after purchasing an additional 1,009,895 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Nutrien by 0.8% during the 4th quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company’s stock valued at $426,436,000 after purchasing an additional 77,174 shares in the last quarter. ARGA Investment Management LP increased its stake in Nutrien by 25.7% during the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock valued at $270,396,000 after purchasing an additional 1,236,671 shares in the last quarter. National Bank of Canada FI increased its stake in Nutrien by 4.1% during the 3rd quarter. National Bank of Canada FI now owns 4,232,211 shares of the company’s stock valued at $203,380,000 after purchasing an additional 165,582 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Nutrien by 11.9% during the 3rd quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock valued at $202,830,000 after purchasing an additional 447,413 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays upped their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, March 5th. Mizuho upped their price objective on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. UBS Group upped their price objective on shares of Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Scotiabank upped their price objective on shares of Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised shares of 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.13.

Nutrien Stock Performance

NTR opened at $52.19 on Tuesday. 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 $25.53 billion, a price-to-earnings ratio of 38.09, a PEG ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 52-week low of $43.70 and a 52-week high of $60.87. The firm’s fifty day simple moving average is $51.33 and its two-hundred day simple moving average is $48.71.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Equities analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal 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 given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.18%. 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.