Modera Wealth Management LLC Cuts Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Modera Wealth Management LLC lessened its stake in Nutrien Ltd. (NYSE:NTR) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,510 shares of the company’s stock after selling 1,300 shares during the quarter. Modera Wealth Management LLC’s holdings in Nutrien were worth $3,424,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in NTR. HHM Wealth Advisors LLC boosted its holdings in Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after acquiring an additional 480 shares during the last quarter. Asset Planning Inc purchased a new position in shares of Nutrien in the 4th quarter worth about $35,000. Exchange Traded Concepts LLC lifted its stake in shares of Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 416 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Nutrien by 138.1% during the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock worth $42,000 after purchasing an additional 540 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in Nutrien during the 4th quarter worth approximately $67,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Down 0.2 %

NTR stock opened at $52.42 on Monday. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The firm has a 50 day simple moving average of $50.15 and a 200-day simple moving average of $48.48. The company has a market capitalization of $25.64 billion, a P/E ratio of 38.26, a PEG ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. On average, equities research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s dividend payout ratio is currently 159.12%.

Analyst Ratings Changes

A number of research analysts have weighed in on NTR shares. TD Securities reduced their price target on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and increased their price target for the company from $40.00 to $50.00 in a report on Monday, January 13th. Piper Sandler raised their price objective on Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Finally, Scotiabank upped their target price on Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $59.76.

Nutrien Company 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.