Nutrien Ltd. (NYSE:NTR) Stock Position Decreased by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. trimmed its stake in Nutrien Ltd. (NYSE:NTR) by 6.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,384 shares of the company’s stock after selling 384 shares during the period. Bahl & Gaynor Inc.’s holdings in Nutrien were worth $241,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC boosted its holdings in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after acquiring an additional 480 shares during the period. Asset Planning Inc acquired a new position in Nutrien during the 4th quarter valued at $35,000. Exchange Traded Concepts LLC lifted its stake in shares of Nutrien by 96.7% in the fourth 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 period. Principal Securities Inc. raised its holdings in Nutrien by 138.1% in the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock valued at $42,000 after acquiring an additional 540 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Nutrien in the 4th quarter valued at $67,000. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NTR. Mizuho increased their target price on Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Barclays lifted their price objective on Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday. Piper Sandler upped their price objective on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Finally, Oppenheimer started coverage on Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.94.

Nutrien Price Performance

Shares of NYSE NTR opened at $49.92 on Thursday. The company has a market cap of $24.42 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The business’s 50 day moving average price is $50.44 and its two-hundred day moving average price is $48.53. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87. 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 earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The firm had revenue of $5.08 billion for 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, analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors 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 dividend yield of 4.37%. Nutrien’s dividend payout ratio (DPR) is presently 159.12%.

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.