SVB Wealth LLC Takes $318,000 Position in Nutrien Ltd. (NYSE:NTR)

SVB Wealth LLC purchased a new position in shares of Nutrien Ltd. (NYSE:NTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,104 shares of the company’s stock, valued at approximately $318,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Goodman Financial Corp grew its holdings in shares of Nutrien by 4.6% during the 3rd quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock worth $12,201,000 after purchasing an additional 11,058 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Nutrien by 10.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock worth $83,812,000 after buying an additional 157,932 shares in the last quarter. Covea Finance increased its holdings in Nutrien by 21.9% in the 4th quarter. Covea Finance now owns 55,600 shares of the company’s stock valued at $2,485,000 after buying an additional 10,000 shares during the period. Wellington Management Group LLP raised its position in shares of Nutrien by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,396,887 shares of the company’s stock valued at $67,200,000 after buying an additional 151,596 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Nutrien by 78.8% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock worth $121,271,000 after acquiring an additional 1,100,000 shares during the period. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

NTR has been the topic of a number of recent analyst reports. Barclays lifted their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday. UBS Group boosted their price target on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. TD Securities dropped their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. CIBC lifted their target price on Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research report on Tuesday, February 25th. Finally, Oppenheimer began coverage on shares of Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.94.

Nutrien Price Performance

Nutrien stock opened at $49.92 on Thursday. The firm has a market cap of $24.42 billion, a P/E ratio of 36.43, a P/E/G ratio of 1.19 and a beta of 0.81. The stock’s 50 day moving average is $50.44 and its 200 day moving average is $48.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87.

Nutrien (NYSE:NTR) last posted 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%. As a group, research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a $0.545 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.37%. Nutrien’s payout ratio is currently 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.