Tocqueville Asset Management L.P. Sells 93,235 Shares of Nutrien Ltd. (NYSE:NTR)

Tocqueville Asset Management L.P. trimmed its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 15.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 526,243 shares of the company’s stock after selling 93,235 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Nutrien were worth $23,549,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NTR. Fairway Wealth LLC purchased a new position in shares of Nutrien in the 4th quarter valued at $27,000. HHM Wealth Advisors LLC boosted its position 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 purchasing an additional 480 shares in the last quarter. Assetmark Inc. grew its stake in Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after purchasing an additional 690 shares during the last quarter. Asset Planning Inc purchased a new position in Nutrien in the fourth quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC raised its holdings in Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 416 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Trading Up 2.7 %

Shares of Nutrien stock opened at $52.19 on Tuesday. The stock has a market cap of $25.53 billion, a PE ratio of 38.09, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The firm has a fifty day moving average price of $51.33 and a 200 day moving average price of $48.71. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

Nutrien (NYSE:NTR) last issued its quarterly earnings data 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). The company 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%. Equities research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.18%. Nutrien’s payout ratio is 159.12%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NTR shares. UBS Group lifted their price objective on shares of Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Wells Fargo & Company upped their price target on Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. The Goldman Sachs Group began coverage on Nutrien in a research report on Thursday, March 13th. They issued a “sell” rating and a $53.00 price objective for the company. Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Finally, 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 research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.