Summit Securities Group LLC Purchases 900 Shares of Nutrien Ltd. (NYSE:NTR)

Summit Securities Group LLC increased its position in Nutrien Ltd. (NYSE:NTR) by 225.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,300 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Summit Securities Group LLC’s holdings in Nutrien were worth $58,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NTR. Fairway Wealth LLC bought a new position in shares of Nutrien during the 4th quarter worth about $27,000. HHM Wealth Advisors LLC raised its position in Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after purchasing an additional 480 shares in the last quarter. Assetmark Inc. lifted its stake in Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock worth $33,000 after purchasing an additional 690 shares during the period. Asset Planning Inc bought a new position in Nutrien during the fourth quarter worth about $35,000. Finally, Exchange Traded Concepts LLC boosted its holdings 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. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Trading Down 1.5 %

NTR stock opened at $50.13 on Monday. The business has a fifty day moving average of $51.59 and a 200-day moving average of $49.02. The company has a market cap of $24.50 billion, a P/E ratio of 36.59, a PEG ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87. 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 (NYSE:NTR) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. As a group, equities research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The firm also recently announced 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. This represents a $2.18 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio is presently 159.12%.

Analysts Set New Price Targets

NTR has been the subject of several analyst reports. CIBC raised their target price on Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research report on Tuesday, February 25th. UBS Group lifted their price objective on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Barclays upped their target price on shares of Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a 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 report on Monday, January 27th. Finally, The Goldman Sachs Group started coverage on shares of Nutrien in a research report on Thursday, March 13th. They issued a “sell” rating and a $53.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $60.00.

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.