Credit Capital Investments LLC Sells 3,500 Shares of Nutrien Ltd. (NYSE:NTR)

Credit Capital Investments LLC cut its holdings in Nutrien Ltd. (NYSE:NTR) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,500 shares of the company’s stock after selling 3,500 shares during the period. Nutrien accounts for approximately 4.4% of Credit Capital Investments LLC’s portfolio, making the stock its 11th biggest holding. Credit Capital Investments LLC’s holdings in Nutrien were worth $3,423,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of Nutrien in the fourth quarter worth about $27,000. HHM Wealth Advisors LLC increased its stake in Nutrien by 331.0% during 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 period. Assetmark Inc. increased its stake in Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after acquiring an additional 690 shares during the period. Asset Planning Inc bought a new position in Nutrien during the fourth quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC increased its stake in Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after acquiring an additional 416 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Down 0.2 %

Nutrien stock opened at $52.06 on Wednesday. The company has a market cap of $25.47 billion, a P/E ratio of 38.00, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. The company has a fifty day simple moving average of $51.41 and a 200 day simple moving average of $48.74. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.

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

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s dividend payout ratio is presently 159.12%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Piper Sandler boosted their price target on Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. UBS Group lifted their price objective on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. CIBC lifted their price objective on Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a report on Monday, February 24th. Finally, Mizuho lifted their price objective on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $60.13.

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.