Nutrien Ltd. (NYSE:NTR) Shares Purchased by Cadence Wealth Management LLC

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 disclosure with the Securities and Exchange Commission. The fund owned 12,362 shares of the company’s stock after purchasing an additional 1,892 shares during the period. Nutrien accounts for about 0.4% of Cadence Wealth Management LLC’s holdings, making the stock its 26th biggest holding. Cadence Wealth Management LLC’s holdings in Nutrien were worth $553,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in Nutrien during the fourth quarter worth about $27,000. 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 acquiring an additional 480 shares during the last quarter. Assetmark Inc. increased its position in shares of Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after acquiring an additional 690 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Nutrien during the fourth quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC increased its position in shares of 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 acquiring an additional 416 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Up 2.7 %

Shares of Nutrien stock 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. Nutrien Ltd. has a 52-week low of $43.70 and a 52-week high of $60.87. The company has a 50 day moving average of $51.33 and a 200 day moving average of $48.71. The company has a market capitalization of $25.53 billion, a P/E ratio of 38.09, a P/E/G ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last released its quarterly earnings data 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 return on equity of 6.81% and a net margin of 2.62%. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. As a group, research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. The ex-dividend date is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.18%. Nutrien’s payout ratio is currently 159.12%.

Analysts Set New Price Targets

NTR has been the subject of a number of recent analyst reports. Barclays lifted their price target on shares of Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th. Piper Sandler lifted their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research report on Monday, February 24th. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Finally, Scotiabank raised their price objective on shares of Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $60.13.

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.