IPG Investment Advisors LLC Reduces Holdings in Nutrien Ltd. (NYSE:NTR)

IPG Investment Advisors LLC reduced its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 87.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,635 shares of the company’s stock after selling 222,450 shares during the period. IPG Investment Advisors LLC’s holdings in Nutrien were worth $1,370,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Uncommon Cents Investing LLC increased its stake in Nutrien by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock worth $517,000 after acquiring an additional 235 shares during the last quarter. Rhumbline Advisers increased its position in Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock worth $331,000 after purchasing an additional 247 shares during the last quarter. FFT Wealth Management LLC raised its stake in Nutrien by 0.9% during the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock valued at $1,330,000 after purchasing an additional 277 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Nutrien by 23.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company’s stock valued at $81,000 after purchasing an additional 348 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Nutrien by 20.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,213 shares of the company’s stock worth $106,000 after buying an additional 381 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Trading Down 1.5 %

Shares of NYSE NTR opened at $50.13 on Friday. The stock has a market capitalization of $24.50 billion, a P/E ratio of 36.59, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The business has a fifty day moving average price of $51.59 and a 200 day moving average price of $48.99. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) 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 firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Equities research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be paid a $0.545 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.35%. Nutrien’s dividend payout ratio (DPR) is 159.12%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NTR shares. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and increased their price target for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $40.00 to $50.00 in a report on Monday, January 13th. Scotiabank increased their price target on Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a report on Monday, February 24th. Barclays lifted their price objective on shares of Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $60.00.

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.