Nutrien Ltd. (NYSE:NTR) Holdings Lifted by Bank of America Corp DE

Bank of America Corp DE lifted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,685,886 shares of the company’s stock after buying an additional 150,464 shares during the period. Bank of America Corp DE’s holdings in Nutrien were worth $120,193,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NTR. Fairway Wealth LLC acquired a new position in Nutrien during the 4th quarter worth $27,000. HHM Wealth Advisors LLC raised its stake 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 purchasing an additional 480 shares in the last quarter. Assetmark Inc. lifted its holdings in Nutrien by 1,437.5% in 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 in the 4th quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC increased its stake in Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after buying an additional 416 shares during the period. 63.10% of the stock is owned by institutional investors.

Nutrien Trading Up 1.5 %

Shares of NYSE NTR opened at $55.59 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87. The business has a 50-day moving average price of $51.97 and a two-hundred day moving average price of $49.96. The firm has a market capitalization of $27.14 billion, a PE ratio of 40.58, a PEG ratio of 1.19 and a beta of 0.79.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 annualized dividend and a dividend yield of 3.92%. Nutrien’s dividend payout ratio is 203.74%.

Wall Street Analyst Weigh In

NTR has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Nutrien in a research note on Monday, February 24th. The Goldman Sachs Group increased their price target on Nutrien from $53.00 to $59.00 and gave the company a “sell” rating in a research note on Friday. Piper Sandler boosted their price objective on Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Mizuho raised their target price on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Finally, Scotiabank boosted their price target on shares of Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.93.

Nutrien Company 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.