Nutrien Ltd. (NYSE:NTR) Position Increased by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC raised its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 5.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 58,591 shares of the company’s stock after purchasing an additional 2,997 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Nutrien were worth $2,622,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NTR. Wealth Enhancement Advisory Services LLC boosted its holdings in Nutrien by 6.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock worth $207,000 after buying an additional 263 shares in the last quarter. US Bancorp DE boosted its stake in Nutrien by 15.5% in the 3rd quarter. US Bancorp DE now owns 23,574 shares of the company’s stock worth $1,133,000 after purchasing an additional 3,157 shares during the period. Farther Finance Advisors LLC boosted its stake in Nutrien by 217.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,500 shares of the company’s stock worth $168,000 after purchasing an additional 2,396 shares during the period. Janney Montgomery Scott LLC boosted its stake in Nutrien by 25.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 97,635 shares of the company’s stock worth $4,692,000 after purchasing an additional 19,984 shares during the period. Finally, Townsend & Associates Inc boosted its stake in Nutrien by 97.5% in the 3rd quarter. Townsend & Associates Inc now owns 562,846 shares of the company’s stock worth $26,887,000 after purchasing an additional 277,875 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Performance

NYSE:NTR opened at $51.03 on Friday. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The firm’s fifty day simple moving average is $50.71 and its 200 day simple moving average is $48.58. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $24.96 billion, a PE ratio of 37.24, a PEG ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last posted its earnings results 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). The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. On average, sell-side analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be given a $0.545 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.27%. Nutrien’s dividend payout ratio is 159.12%.

Analyst Ratings Changes

A number of research firms recently commented on NTR. CIBC raised their price objective on shares of Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research note on Tuesday, February 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a research report on Monday, February 24th. Oppenheimer initiated coverage on shares of Nutrien in a research report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price for the company. Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, Piper Sandler increased their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.13.

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.