Summit Securities Group LLC Has $58,000 Position in Nutrien Ltd. (NYSE:NTR)

Summit Securities Group LLC raised its position in Nutrien Ltd. (NYSE:NTR) by 225.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,300 shares of the company’s stock after purchasing an additional 900 shares during the period. Summit Securities Group LLC’s holdings in Nutrien were worth $58,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of NTR. Fairway Wealth LLC bought a new stake in shares of Nutrien in the 4th quarter valued at $27,000. HHM Wealth Advisors LLC lifted its holdings in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after acquiring 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 acquiring an additional 690 shares during the period. Asset Planning Inc bought a new stake in shares of Nutrien in the fourth quarter worth about $35,000. Finally, Exchange Traded Concepts LLC raised its position in shares of Nutrien by 96.7% during 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 during the period. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Price Performance

NYSE:NTR opened at $50.13 on Monday. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $51.59 and a 200 day simple moving average of $49.02. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. The stock has a market capitalization of $24.50 billion, a PE ratio of 36.59, a P/E/G ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. On average, research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a $0.545 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.35%. Nutrien’s dividend payout ratio is 159.12%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Mizuho increased their target price on Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Barclays increased their price objective on shares of Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $40.00 to $50.00 in a research report on Monday, January 13th. Wells Fargo & Company increased their target price on Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Finally, Scotiabank boosted their price target on Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $60.00.

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.