2,500 Shares in Nutrien Ltd. (NYSE:NTR) Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,500 shares of the company’s stock, valued at approximately $111,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new stake in shares of Nutrien during the 3rd quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Nutrien in the second quarter valued at approximately $52,000. Larson Financial Group LLC raised its stake in Nutrien by 1,370.6% in the third quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock valued at $77,000 after purchasing an additional 1,494 shares in the last quarter. Cromwell Holdings LLC lifted its position in Nutrien by 113.4% during the third quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock valued at $82,000 after purchasing an additional 900 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Nutrien by 56.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,680 shares of the company’s stock worth $86,000 after buying an additional 605 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. Wells Fargo & Company downgraded Nutrien from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $62.00 to $50.00 in a research report on Tuesday, September 24th. TD Securities cut their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and increased their target price for the company from $40.00 to $50.00 in a report on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Nutrien presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.21.

Nutrien Price Performance

Shares of Nutrien stock opened at $51.70 on Wednesday. The business has a 50 day moving average of $46.90 and a 200 day moving average of $47.85. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $60.87. The company has a market cap of $25.46 billion, a PE ratio of 34.70, a P/E/G ratio of 1.73 and a beta of 0.81. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. Nutrien’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, equities research analysts forecast that Nutrien Ltd. will post 3.5 earnings per share for the current year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This is an increase from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.26%. Nutrien’s dividend payout ratio is 144.97%.

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.