RWA Wealth Partners LLC Sells 1,520 Shares of Nutrien Ltd. (NYSE:NTR)

RWA Wealth Partners LLC decreased its position in Nutrien Ltd. (NYSE:NTR) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,873 shares of the company’s stock after selling 1,520 shares during the quarter. RWA Wealth Partners LLC’s holdings in Nutrien were worth $613,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Townsend & Associates Inc grew its holdings in Nutrien by 27.8% in the third quarter. Townsend & Associates Inc now owns 163,942 shares of the company’s stock worth $10,125,000 after purchasing an additional 35,690 shares during the period. CIBC Asset Management Inc grew its stake in shares of Nutrien by 2.5% in the 3rd quarter. CIBC Asset Management Inc now owns 6,361,084 shares of the company’s stock worth $394,047,000 after buying an additional 154,159 shares during the last quarter. Canoe Financial LP grew its stake in shares of Nutrien by 64.6% in the 3rd quarter. Canoe Financial LP now owns 75,945 shares of the company’s stock worth $4,690,000 after buying an additional 29,819 shares during the last quarter. International Assets Investment Management LLC bought a new position in Nutrien during the 4th quarter valued at approximately $3,433,000. Finally, First Eagle Investment Management LLC raised its stake in Nutrien by 0.5% during the third quarter. First Eagle Investment Management LLC now owns 9,262,659 shares of the company’s stock valued at $572,062,000 after buying an additional 48,230 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Up 0.0 %

Shares of NTR opened at $52.28 on Thursday. The company has a quick ratio of 0.65, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $53.17 and a 200 day moving average of $54.16. The company has a market cap of $25.86 billion, a PE ratio of 20.66, a P/E/G ratio of 1.95 and a beta of 0.89. Nutrien Ltd. has a 52-week low of $47.90 and a 52-week high of $71.25.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.35). Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The firm had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same period in the prior year, the company posted $2.02 EPS. The company’s revenue was down 24.8% compared to the same quarter last year. On average, sell-side analysts expect that Nutrien Ltd. will post 3.82 EPS for the current year.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $0.54 per share. The ex-dividend date was Wednesday, March 27th. This is a positive change from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.13%. Nutrien’s dividend payout ratio (DPR) is 85.38%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NTR. Stifel Nicolaus upped their target price on shares of Nutrien from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. BMO Capital Markets reduced their target price on Nutrien from $86.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, January 25th. Royal Bank of Canada reduced their price target on shares of Nutrien from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. JPMorgan Chase & Co. downgraded shares of Nutrien from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $58.00 to $48.00 in a research report on Friday, February 23rd. Finally, HSBC dropped their price target on shares of Nutrien from $63.00 to $57.00 and set a “hold” rating on the stock in a research note on Friday, March 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.95.

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.