Mather Group LLC. Invests $155,000 in Nutrien Ltd. (NYSE:NTR)

Mather Group LLC. purchased a new position in Nutrien Ltd. (NYSE:NTR) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,753 shares of the company’s stock, valued at approximately $155,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its position in Nutrien by 904.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after acquiring an additional 678 shares in the last quarter. Evolution Advisers Inc. bought a new position in Nutrien in the 4th quarter valued at approximately $49,000. CVA Family Office LLC bought a new position in Nutrien in the 4th quarter valued at approximately $57,000. Parallel Advisors LLC lifted its position in Nutrien by 41.0% in the 4th quarter. Parallel Advisors LLC now owns 1,049 shares of the company’s stock valued at $59,000 after acquiring an additional 305 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Nutrien in the 4th quarter valued at approximately $61,000. 63.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. HSBC lowered their price objective on Nutrien from $63.00 to $57.00 and set a “hold” rating on the stock in a research report on Friday, March 8th. Piper Sandler decreased their target price on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a research note on Tuesday, June 11th. Royal Bank of Canada decreased their target price on shares of Nutrien from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Berenberg Bank upgraded shares of Nutrien from a “hold” rating to a “buy” rating and boosted their target price for the company from $60.00 to $66.00 in a research note on Monday, April 29th. Finally, Scotiabank decreased their target price on shares of Nutrien from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Nutrien currently has an average rating of “Hold” and an average price target of $66.28.

Nutrien Trading Up 1.8 %

Shares of NTR stock opened at $51.94 on Friday. 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. The firm has a market capitalization of $25.69 billion, a PE ratio of 30.37, a PEG ratio of 1.63 and a beta of 0.87. The stock has a fifty day simple moving average of $54.94 and a two-hundred day simple moving average of $53.81.

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

Nutrien Dividend Announcement

The business also recently disclosed 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. This represents a $2.16 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Friday, June 28th. Nutrien’s dividend payout ratio (DPR) is presently 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.