Evolution Advisers Inc. Invests $49,000 in Nutrien Ltd. (NYSE:NTR)

Evolution Advisers Inc. bought a new position in Nutrien Ltd. (NYSE:NTR) during the fourth quarter, HoldingsChannel.com reports. The fund bought 867 shares of the company’s stock, valued at approximately $49,000.

Several other hedge funds also recently added to or reduced their stakes in NTR. Legacy Financial Group LLC purchased a new stake in Nutrien in the 3rd quarter worth about $28,000. GHP Investment Advisors Inc. bought a new position in Nutrien in the 3rd quarter worth about $27,000. Exchange Traded Concepts LLC grew its stake in Nutrien by 904.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock worth $42,000 after acquiring an additional 678 shares in the last quarter. NBC Securities Inc. bought a new position in Nutrien in the 3rd quarter worth about $58,000. Finally, Andra AP fonden bought a new position in Nutrien in the 3rd quarter worth about $62,000. 63.10% of the stock is currently owned by institutional investors.

Nutrien Trading Down 0.5 %

Shares of Nutrien stock traded down $0.24 on Thursday, reaching $52.05. The company had a trading volume of 1,536,359 shares, compared to its average volume of 1,997,104. The firm’s 50 day moving average price is $53.20 and its two-hundred day moving average price is $54.15. The firm has a market cap of $25.74 billion, a PE ratio of 20.57, a PEG ratio of 1.95 and a beta of 0.89. Nutrien Ltd. has a 52-week low of $47.90 and a 52-week high of $70.07. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.17.

Nutrien (NYSE:NTR) last announced its 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 return on equity of 8.59% and a net margin of 4.33%. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.36 billion. During the same period in the previous year, the company earned $2.02 earnings per share. Nutrien’s quarterly revenue was down 24.8% on a year-over-year basis. Sell-side analysts predict that Nutrien Ltd. will post 3.82 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Nutrien’s previous quarterly dividend of $0.53. Nutrien’s payout ratio is 85.38%.

Wall Street Analyst Weigh In

NTR has been the topic of a number of research analyst reports. Piper Sandler downgraded shares of Nutrien from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $68.00 to $54.00 in a research note on Thursday, February 29th. Stifel Nicolaus increased their price objective on shares of Nutrien from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Jefferies Financial Group started coverage on shares of Nutrien in a research note on Tuesday, March 26th. They set a “buy” rating and a $62.00 price objective on the stock. The Goldman Sachs Group dropped their price objective on shares of Nutrien from $88.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Finally, Wells Fargo & Company lowered their target price 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Nutrien has an average rating of “Hold” and an average price target 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.