Nutrien Ltd. (NYSE:NTR) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lessened its position in Nutrien Ltd. (NYSE:NTR) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,901 shares of the company’s stock after selling 506 shares during the period. Atria Wealth Solutions Inc.’s holdings in Nutrien were worth $561,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NTR. BKA Wealth Consulting Inc. acquired a new stake in shares of Nutrien in the fourth quarter valued at approximately $311,000. Glenorchy Capital Ltd bought a new stake in Nutrien during the 4th quarter valued at $1,702,000. Weatherly Asset Management L. P. raised its stake in Nutrien by 4.0% during the 4th quarter. Weatherly Asset Management L. P. now owns 42,062 shares of the company’s stock valued at $2,392,000 after acquiring an additional 1,630 shares in the last quarter. Lorne Steinberg Wealth Management Inc. boosted its position in Nutrien by 11.7% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 71,817 shares of the company’s stock worth $4,047,000 after acquiring an additional 7,520 shares during the period. Finally, Lesa Sroufe & Co grew its stake in shares of Nutrien by 0.9% in the fourth quarter. Lesa Sroufe & Co now owns 52,813 shares of the company’s stock worth $2,976,000 after purchasing an additional 465 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Price Performance

Shares of NYSE:NTR opened at $52.93 on Monday. The company’s fifty day moving average is $53.34 and its two-hundred day moving average is $53.70. The company has a market cap of $26.18 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 1.98 and a beta of 0.89. Nutrien Ltd. has a 12-month low of $47.90 and a 12-month high of $69.12. The company has a quick ratio of 0.65, a current ratio of 1.17 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.35). Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period in the previous year, the firm posted $2.02 earnings per share. The firm’s quarterly revenue was down 24.8% on a year-over-year basis. Equities analysts expect that Nutrien Ltd. will post 3.82 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a dividend of $0.54 per share. This is a boost from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Wednesday, March 27th. Nutrien’s dividend payout ratio (DPR) is currently 85.38%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NTR. Piper Sandler cut shares of Nutrien from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $68.00 to $54.00 in a research note on Thursday, February 29th. Wells Fargo & Company reduced their price target on shares of Nutrien from $77.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, February 26th. Berenberg Bank upgraded shares of Nutrien from a “hold” rating to a “buy” rating and increased their price objective for the company from $60.00 to $66.00 in a report on Monday, April 29th. TD Securities dropped their target price on Nutrien from $75.00 to $67.00 and set a “buy” rating on the stock in a report on Tuesday, February 20th. Finally, Wolfe Research initiated coverage on Nutrien in a research note on Friday, March 1st. They set an “outperform” rating and a $66.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.25.

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.