MONECO Advisors LLC Acquires 509 Shares of Nutrien Ltd. (NYSE:NTR)

MONECO Advisors LLC raised its position in Nutrien Ltd. (NYSE:NTR) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,567 shares of the company’s stock after acquiring an additional 509 shares during the quarter. MONECO Advisors LLC’s holdings in Nutrien were worth $595,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NTR. Pathstone Family Office LLC purchased a new position in shares of Nutrien in the third quarter valued at about $221,000. PNC Financial Services Group Inc. increased its position in shares of Nutrien by 11.0% in the third quarter. PNC Financial Services Group Inc. now owns 13,900 shares of the company’s stock valued at $858,000 after acquiring an additional 1,381 shares during the period. Aviva PLC increased its position in shares of Nutrien by 4.4% in the third quarter. Aviva PLC now owns 335,686 shares of the company’s stock valued at $20,801,000 after acquiring an additional 14,080 shares during the period. Kestra Advisory Services LLC increased its position in shares of Nutrien by 23.1% in the third quarter. Kestra Advisory Services LLC now owns 13,927 shares of the company’s stock valued at $860,000 after acquiring an additional 2,616 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of Nutrien in the third quarter valued at about $417,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Scotiabank decreased their price objective on shares of Nutrien from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Piper Sandler reduced their price target on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 11th. Wells Fargo & Company boosted their price target on shares of Nutrien from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Wolfe Research started coverage on shares of Nutrien in a research report on Friday, March 1st. They set an “outperform” rating and a $66.00 price target on the stock. Finally, Mizuho boosted their price target on shares of Nutrien from $54.00 to $56.00 and gave the company an “underweight” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $66.28.

Nutrien Trading Down 0.9 %

Shares of NYSE NTR opened at $50.74 on Tuesday. The company has a market cap of $25.10 billion, a PE ratio of 29.67, a P/E/G ratio of 1.64 and a beta of 0.87. The firm’s 50 day moving average price is $55.19 and its 200-day moving average price is $53.88. Nutrien Ltd. has a 52-week low of $47.90 and a 52-week high of $69.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.15.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. The company had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.38 billion. On average, equities research analysts expect that Nutrien Ltd. will post 3.9 EPS for the current fiscal year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 4.26%. Nutrien’s dividend payout ratio is currently 126.32%.

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.