Uncommon Cents Investing LLC Has $512,000 Stock Position in Nutrien Ltd. (NYSE:NTR)

Uncommon Cents Investing LLC trimmed its stake in shares of Nutrien Ltd. (NYSE:NTR) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,085 shares of the company’s stock after selling 1,210 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Nutrien were worth $512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. First Pacific Financial grew its position in Nutrien by 1.7% in the fourth quarter. First Pacific Financial now owns 12,399 shares of the company’s stock valued at $699,000 after acquiring an additional 206 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Nutrien by 2.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 16,441 shares of the company’s stock worth $931,000 after purchasing an additional 392 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Nutrien during the fourth quarter worth $213,000. CVA Family Office LLC bought a new stake in shares of Nutrien during the fourth quarter worth $57,000. Finally, AustralianSuper Pty Ltd grew its holdings in shares of Nutrien by 11.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 302,506 shares of the company’s stock worth $17,043,000 after purchasing an additional 30,084 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Stock Performance

NYSE:NTR traded up $0.68 during mid-day trading on Thursday, hitting $54.31. 3,255,919 shares of the stock were exchanged, compared to its average volume of 2,058,052. The stock has a market capitalization of $26.86 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 1.67 and a beta of 0.89. The firm’s 50-day simple moving average is $51.72 and its 200 day simple moving average is $55.24. 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 Ltd. has a fifty-two week low of $47.90 and a fifty-two week high of $75.29.

Nutrien (NYSE:NTR) last announced its quarterly earnings data 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). The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.36 billion. Nutrien had a net margin of 4.33% and a return on equity of 8.59%. Nutrien’s revenue was down 24.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.02 earnings per share. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.96 EPS for the current fiscal year.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th will be issued a $0.54 dividend. The ex-dividend date is Wednesday, March 27th. This is a boost from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a yield of 3.98%. Nutrien’s payout ratio is currently 83.79%.

Wall Street Analyst Weigh In

Several analysts have recently commented on NTR shares. Raymond James cut Nutrien from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $80.00 to $65.00 in a report on Friday, January 12th. BMO Capital Markets cut their price target on Nutrien from $86.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. HSBC cut their price target on Nutrien from $63.00 to $57.00 and set a “hold” rating on the stock in a research note on Friday, March 8th. BNP Paribas lowered Nutrien from an “outperform” rating to a “neutral” rating in a research note on Thursday, November 30th. Finally, Wells Fargo & Company cut their target price on Nutrien from $77.00 to $69.00 and set an “overweight” rating on the stock in a research note on Monday, February 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Nutrien has an average rating of “Hold” and a consensus price target of $69.43.

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.