Nutrien Ltd. (NYSE:NTR) Shares Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lifted its position in shares of Nutrien Ltd. (NYSE:NTR) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,896 shares of the company’s stock after buying an additional 2,121 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Nutrien were worth $1,806,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NTR. Legacy Financial Group LLC acquired a new stake in Nutrien in the third quarter valued at approximately $28,000. Exchange Traded Concepts LLC boosted its holdings in Nutrien by 904.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after purchasing an additional 678 shares during the last quarter. Evolution Advisers Inc. acquired a new stake in Nutrien during the 4th quarter valued at approximately $49,000. CVA Family Office LLC acquired a new stake in Nutrien during the 4th quarter valued at approximately $57,000. Finally, NBC Securities Inc. purchased a new stake in Nutrien during the 3rd quarter worth approximately $58,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Price Performance

NTR traded down $1.31 on Tuesday, reaching $52.77. The company had a trading volume of 1,439,120 shares, compared to its average volume of 1,980,062. Nutrien Ltd. has a one year low of $47.90 and a one year high of $70.07. The company has a current ratio of 1.17, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $26.10 billion, a P/E ratio of 21.38, a PEG ratio of 1.96 and a beta of 0.89. The company has a fifty day moving average of $53.29 and a 200-day moving average of $53.94.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share (EPS) 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 firm 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 earned $2.02 earnings per share. Nutrien’s revenue was down 24.8% on a year-over-year basis. As a group, equities research analysts anticipate that Nutrien Ltd. will post 3.82 earnings per share for the current year.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 4.09%. This is an increase from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Wednesday, March 27th. Nutrien’s dividend payout ratio is currently 85.38%.

Wall Street Analyst Weigh In

NTR has been the subject of several research analyst reports. TD Securities lowered their price objective on Nutrien from $75.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday, February 20th. Piper Sandler cut Nutrien from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $68.00 to $54.00 in a research note on Thursday, February 29th. Stifel Nicolaus boosted their target price 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. The Goldman Sachs Group reduced their price target on shares of Nutrien from $88.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Finally, Jefferies Financial Group initiated 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.25.

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.