Moran Wealth Management LLC Sells 3,970 Shares of Nutrien Ltd. (NYSE:NTR)

Moran Wealth Management LLC reduced its holdings in Nutrien Ltd. (NYSE:NTR) by 22.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 13,721 shares of the company’s stock after selling 3,970 shares during the quarter. Moran Wealth Management LLC’s holdings in Nutrien were worth $614,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NTR. Uncommon Cents Investing LLC increased its position in shares of Nutrien by 2.1% in the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock worth $517,000 after purchasing an additional 235 shares during the last quarter. Rhumbline Advisers grew its stake in Nutrien by 3.5% in the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock worth $331,000 after buying an additional 247 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Nutrien by 6.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock worth $207,000 after buying an additional 263 shares in the last quarter. FFT Wealth Management LLC increased its holdings in shares of Nutrien by 0.9% in the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock worth $1,330,000 after buying an additional 277 shares during the last quarter. Finally, Atria Investments Inc raised its position in shares of Nutrien by 2.0% during the 3rd quarter. Atria Investments Inc now owns 14,636 shares of the company’s stock valued at $703,000 after buying an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group increased their target price on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $40.00 to $50.00 in a report on Monday, January 13th. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a research report on Monday, February 24th. Scotiabank increased their price target on shares of Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Monday, February 24th. Finally, Mizuho boosted their price objective on shares of Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Nutrien has a consensus rating of “Moderate Buy” and an average target price of $60.13.

Nutrien Stock Down 0.8 %

NYSE NTR opened at $50.75 on Thursday. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The stock has a market capitalization of $24.83 billion, a PE ratio of 37.04, a PEG ratio of 1.19 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The business’s 50-day moving average is $51.08 and its 200 day moving average is $48.65.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.09 billion. Sell-side analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio is currently 159.12%.

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.