Nutrien Ltd. (NYSE:NTR) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,491 shares of the company’s stock after selling 650 shares during the period. Foster & Motley Inc.’s holdings in Nutrien were worth $335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new stake in shares of Nutrien during the third quarter valued at about $28,000. Exchange Traded Concepts LLC grew its stake in Nutrien by 96.7% during 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. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Nutrien during the 2nd quarter valued at approximately $52,000. Union Bancaire Privee UBP SA purchased a new stake in Nutrien during the 4th quarter worth approximately $67,000. Finally, Larson Financial Group LLC boosted its stake in shares of Nutrien by 1,370.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock valued at $77,000 after buying an additional 1,494 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Barclays restated an “equal weight” rating and issued a $56.00 price target (up previously from $55.00) on shares of Nutrien in a research note on Tuesday, January 21st. UBS Group upped their target price on shares of Nutrien from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. TD Securities lowered their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Finally, Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Nutrien presently has an average rating of “Moderate Buy” and a consensus target price of $58.94.

Nutrien Trading Down 1.3 %

Nutrien stock opened at $51.65 on Friday. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $25.36 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.19 and a beta of 0.81. The firm has a 50-day moving average price of $48.14 and a two-hundred day moving average price of $48.09.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The business’s quarterly revenue was down 5.0% on a year-over-year basis. Sell-side analysts expect that Nutrien Ltd. will post 3.49 earnings per share for the current year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.27%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is 144.97%.

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.