SVB Wealth LLC Sells 1,646 Shares of Nutrien Ltd. (NYSE:NTR)

SVB Wealth LLC decreased its position in Nutrien Ltd. (NYSE:NTR) by 22.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,821 shares of the company’s stock after selling 1,646 shares during the period. SVB Wealth LLC’s holdings in Nutrien were worth $328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in NTR. Covestor Ltd purchased a new stake in Nutrien in the first quarter worth $30,000. Zions Bancorporation N.A. lifted its stake in Nutrien by 55.2% in the first quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock worth $31,000 after acquiring an additional 107 shares during the period. Legacy Financial Group LLC purchased a new stake in Nutrien in the third quarter worth $28,000. GHP Investment Advisors Inc. purchased a new stake in Nutrien in the third quarter worth $27,000. Finally, Exchange Traded Concepts LLC lifted its stake in Nutrien by 904.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock worth $42,000 after acquiring an additional 678 shares during the period. Institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

NYSE NTR opened at $52.78 on Monday. Nutrien Ltd. has a one year low of $47.90 and a one year high of $72.96. The stock has a 50-day moving average of $52.99 and a 200 day moving average of $54.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.17. The company has a market capitalization of $26.10 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.97 and a beta of 0.89.

Nutrien (NYSE:NTR) last issued its earnings results 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 return on equity of 8.59% and a net margin of 4.33%. The business had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same period last year, the firm posted $2.02 EPS. Nutrien’s quarterly revenue was down 24.8% compared to the same quarter last year. On average, sell-side analysts forecast that Nutrien Ltd. will post 3.82 EPS for the current year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a $0.54 dividend. This is a positive change from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a yield of 4.09%. Nutrien’s payout ratio is 85.38%.

Analysts Set New Price Targets

NTR has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on Nutrien in a research note on Tuesday, March 26th. They issued a “buy” rating and a $62.00 price target for the company. CIBC lowered their price objective on 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 lowered their price objective on Nutrien from $75.00 to $67.00 and set a “buy” rating for the company in a research report on Tuesday, February 20th. JPMorgan Chase & Co. lowered Nutrien from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $58.00 to $48.00 in a research report on Friday, February 23rd. Finally, Wells Fargo & Company lowered their price objective on Nutrien from $77.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.