International Assets Investment Management LLC Takes $3.43 Million Position in Nutrien Ltd. (NYSE:NTR)

International Assets Investment Management LLC acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 60,949 shares of the company’s stock, valued at approximately $3,433,000.

A number of other hedge funds also recently made changes to their positions in NTR. Zions Bancorporation N.A. grew its position in shares of Nutrien by 55.2% during the first quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock worth $31,000 after buying an additional 107 shares in the last quarter. Centaurus Financial Inc. grew its position in shares of Nutrien by 0.9% during the first quarter. Centaurus Financial Inc. now owns 14,626 shares of the company’s stock worth $1,521,000 after buying an additional 132 shares in the last quarter. Equitable Holdings Inc. grew its position in shares of Nutrien by 4.2% during the second quarter. Equitable Holdings Inc. now owns 4,583 shares of the company’s stock worth $271,000 after buying an additional 183 shares in the last quarter. SVB Wealth LLC grew its position in shares of Nutrien by 2.3% during the first quarter. SVB Wealth LLC now owns 8,265 shares of the company’s stock worth $610,000 after buying an additional 187 shares in the last quarter. Finally, First Pacific Financial grew its position in shares of Nutrien by 1.7% during the fourth quarter. First Pacific Financial now owns 12,399 shares of the company’s stock worth $699,000 after buying an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NYSE NTR opened at $51.81 on Thursday. Nutrien Ltd. has a fifty-two week low of $47.90 and a fifty-two week high of $75.29. The firm’s 50-day simple moving average is $52.84 and its 200 day simple moving average is $54.37. 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 stock has a market cap of $25.62 billion, a P/E ratio of 20.48, a P/E/G ratio of 1.91 and a beta of 0.89.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the prior year, the firm earned $2.02 earnings per share. Nutrien’s revenue for the quarter was down 24.8% compared to the same quarter last year. Equities analysts expect that Nutrien Ltd. will post 3.91 EPS for the current year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a $0.54 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a yield of 4.17%. Nutrien’s payout ratio is 85.38%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. CIBC decreased their price target on shares of Nutrien from $87.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. TD Securities decreased their price objective on shares of Nutrien from $75.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday, February 20th. JPMorgan Chase & Co. downgraded shares of Nutrien from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $58.00 to $48.00 in a report on Friday, February 23rd. Stifel Nicolaus lifted their price objective on shares of Nutrien from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, Berenberg Bank decreased their price objective on shares of Nutrien from $67.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.