Nutrien Ltd. (NYSE:NTR) Position Raised by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC grew its position in shares of Nutrien Ltd. (NYSE:NTR) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,880 shares of the company’s stock after acquiring an additional 1,480 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Nutrien were worth $487,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Uncommon Cents Investing LLC boosted its holdings in shares of Nutrien by 2.1% during the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock valued at $517,000 after acquiring an additional 235 shares during the period. Rhumbline Advisers boosted its holdings in shares of Nutrien by 3.5% during the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock valued at $331,000 after acquiring an additional 247 shares during the period. FFT Wealth Management LLC boosted its holdings in shares of Nutrien by 0.9% during the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock valued at $1,330,000 after acquiring an additional 277 shares during the period. Atria Investments Inc boosted its holdings in shares of Nutrien by 2.0% during the third quarter. Atria Investments Inc now owns 14,636 shares of the company’s stock valued at $703,000 after acquiring an additional 290 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Nutrien by 23.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company’s stock valued at $81,000 after acquiring an additional 348 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of Nutrien stock opened at $50.10 on Friday. 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 company’s 50-day moving average price is $51.18 and its two-hundred day moving average price is $48.66. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87. The stock has a market cap of $24.51 billion, a PE ratio of 36.57, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81.

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

Nutrien Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.35%. Nutrien’s payout ratio is presently 159.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NTR shares. Mizuho boosted their price target on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Scotiabank upped their price objective on shares of Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Monday, February 24th. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $40.00 to $50.00 in a report on Monday, January 13th. Wells Fargo & Company upped their price objective on shares of Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Finally, Piper Sandler upped their price objective on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Nutrien presently has an average rating of “Hold” and a consensus target price of $60.13.

About Nutrien

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.