Nutrien Ltd. (NYSE:NTR) Shares Acquired by Oxbow Advisors LLC

Oxbow Advisors LLC lifted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 120,084 shares of the company’s stock after purchasing an additional 634 shares during the period. Oxbow Advisors LLC’s holdings in Nutrien were worth $5,374,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NTR. Creative Planning grew its position in shares of Nutrien by 1.3% during the third quarter. Creative Planning now owns 36,524 shares of the company’s stock worth $1,755,000 after buying an additional 473 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Nutrien during the third quarter worth about $2,296,000. Assenagon Asset Management S.A. boosted its holdings in Nutrien by 17.9% in the third quarter. Assenagon Asset Management S.A. now owns 20,563 shares of the company’s stock valued at $989,000 after purchasing an additional 3,120 shares in the last quarter. Mraz Amerine & Associates Inc. boosted its holdings in Nutrien by 11.9% in the third quarter. Mraz Amerine & Associates Inc. now owns 22,949 shares of the company’s stock valued at $1,103,000 after purchasing an additional 2,441 shares in the last quarter. Finally, Cromwell Holdings LLC boosted its holdings in Nutrien by 113.4% in 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 in the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NTR. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and upped their price target for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. UBS Group upped their price target on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday. Oppenheimer began coverage on Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price target for the company. Wells Fargo & Company upped their price target on Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday. Finally, TD Securities lowered their price target on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.39.

Nutrien Price Performance

Nutrien stock opened at $52.68 on Friday. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $60.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The business has a 50 day simple moving average of $49.41 and a 200-day simple moving average of $48.23. The stock has a market capitalization of $25.80 billion, a PE ratio of 38.45, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81.

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

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is presently 157.67%.

About Nutrien

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.