Jones Financial Companies Lllp Raises Holdings in Nutrien Ltd. (NYSE:NTR)

Jones Financial Companies Lllp increased its holdings in Nutrien Ltd. (NYSE:NTR) by 58.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 221,963 shares of the company’s stock after purchasing 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.

A number of other large investors have also recently made changes to their positions in NTR. HHM Wealth Advisors LLC increased its position in shares of Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after buying an additional 480 shares during the period. Asset Planning Inc bought a new stake in shares of Nutrien during the 4th quarter worth $35,000. Exchange Traded Concepts LLC raised its position in Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 416 shares in the last quarter. Principal Securities Inc. lifted its position in Nutrien by 138.1% in the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock worth $42,000 after buying an additional 540 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Nutrien in the 4th quarter valued at $67,000. 63.10% of the stock is owned by institutional investors.

Nutrien Trading Down 5.3 %

Shares of NTR stock opened at $49.56 on Tuesday. The stock has a market capitalization of $24.25 billion, a P/E ratio of 36.18, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $60.87. 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 firm’s 50 day moving average is $50.25 and its 200 day moving average is $48.51.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.40%. Nutrien’s dividend payout ratio is 159.12%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NTR shares. Scotiabank increased their target price on Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a report on Monday, February 24th. Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Barclays restated an “equal weight” rating and issued a $56.00 target price (up previously from $55.00) on shares of Nutrien in a research note on Tuesday, January 21st. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a research note on Monday, February 24th. Finally, UBS Group boosted their target price on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.76.

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.