FFT Wealth Management LLC Has $1.33 Million Holdings in Nutrien Ltd. (NYSE:NTR)

FFT Wealth Management LLC increased its position in shares of Nutrien Ltd. (NYSE:NTR) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,732 shares of the company’s stock after purchasing an additional 277 shares during the period. FFT Wealth Management LLC’s holdings in Nutrien were worth $1,330,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Creative Planning lifted its stake in 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 purchasing an additional 473 shares during the period. International Assets Investment Management LLC bought a new position in shares of Nutrien during the 3rd quarter worth approximately $2,296,000. Assenagon Asset Management S.A. boosted its stake in Nutrien by 17.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 20,563 shares of the company’s stock valued at $989,000 after buying an additional 3,120 shares in the last quarter. Forsta AP Fonden grew its position in Nutrien by 24.2% in the third quarter. Forsta AP Fonden now owns 125,400 shares of the company’s stock valued at $6,033,000 after acquiring an additional 24,400 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Nutrien by 6.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock worth $207,000 after acquiring an additional 263 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Scotiabank upped their price target on shares of Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Monday. UBS Group increased their price objective on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Barclays reaffirmed an “equal weight” rating and issued a $56.00 target price (up previously from $55.00) on shares of Nutrien in a research note on Tuesday, January 21st. Finally, CIBC raised their price target on Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.11.

Nutrien Stock Performance

NTR opened at $53.60 on Wednesday. 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 company has a market capitalization of $26.25 billion, a price-to-earnings ratio of 39.12, a P/E/G ratio of 1.19 and a beta of 0.81. The business’s 50-day moving average price is $49.66 and its two-hundred day moving average price is $48.35. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $60.87.

Nutrien (NYSE:NTR) last issued its quarterly earnings results 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 business 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%. Equities analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.07%. 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.