Nutrien Ltd. (NYSE:NTR) Shares Purchased by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC boosted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,550 shares of the company’s stock after purchasing an additional 235 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Nutrien were worth $517,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new position in shares of Nutrien in the 3rd quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Nutrien in the second quarter valued at approximately $52,000. Larson Financial Group LLC boosted its position in Nutrien by 1,370.6% in the 3rd quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock worth $77,000 after purchasing an additional 1,494 shares in the last quarter. Cromwell Holdings LLC grew its stake in shares of Nutrien by 113.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock worth $82,000 after purchasing an additional 900 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Nutrien by 56.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,680 shares of the company’s stock valued at $86,000 after purchasing an additional 605 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on NTR shares. Piper Sandler raised shares of Nutrien from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $50.00 to $58.00 in a report on Monday, January 13th. Raymond James raised shares of 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 note on Tuesday, December 3rd. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $40.00 to $50.00 in a report on Monday, January 13th. CIBC reiterated an “outperformer” rating and set a $55.00 price target (down previously from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. Finally, Oppenheimer initiated coverage on Nutrien in a research note on Thursday, December 12th. They set an “outperform” rating and a $60.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.33.

Nutrien Price Performance

Nutrien stock opened at $51.59 on Monday. 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 company has a 50-day moving average price of $47.07 and a 200 day moving average price of $47.90. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $60.87. The stock has a market cap of $25.40 billion, a P/E ratio of 34.62, a PEG ratio of 1.11 and a beta of 0.81.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. Sell-side analysts anticipate that Nutrien Ltd. will post 3.5 earnings per share for the current year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a yield of 7.28%. This is a boost from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, December 31st. Nutrien’s dividend payout ratio is 144.97%.

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.