305,277 Shares in Nutrien Ltd. (NYSE:NTR) Purchased by Guardian Partners Inc.

Guardian Partners Inc. bought a new position in Nutrien Ltd. (NYSE:NTR) during the fourth quarter, Holdings Channel reports. The firm bought 305,277 shares of the company’s stock, valued at approximately $14,606,000. Nutrien comprises about 1.5% of Guardian Partners Inc.’s portfolio, making the stock its 18th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in shares of Nutrien in the 4th quarter worth about $27,000. HHM Wealth Advisors LLC raised its holdings in shares of Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after acquiring an additional 480 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock worth $33,000 after acquiring an additional 690 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Nutrien in the 4th quarter worth about $35,000. Finally, Exchange Traded Concepts LLC increased its stake in Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after buying an additional 416 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Up 0.1 %

NTR opened at $52.48 on Friday. The company has a 50 day moving average of $51.67 and a 200 day moving average of $48.83. The company has a market cap of $25.68 billion, a PE ratio of 38.31, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR) last released its quarterly earnings data 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%. On average, sell-side analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 4.15%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is presently 159.12%.

Wall Street Analysts Forecast Growth

Several research firms have commented on NTR. Mizuho increased their price objective on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a research note on Monday, February 24th. JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $40.00 to $50.00 in a research note on Monday, January 13th. Piper Sandler increased their price objective on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group began coverage on shares of Nutrien in a research note on Thursday, March 13th. They issued a “sell” rating and a $53.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $60.13.

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.