173,060 Shares in Nutrien Ltd. (NYSE:NTR) Purchased by Foundation Resource Management Inc.

by · The Markets Daily

Foundation Resource Management Inc. bought a new stake in Nutrien Ltd. (NYSE:NTR – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 173,060 shares of the company’s stock, valued at approximately $7,744,000. Nutrien comprises approximately 1.3% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 27th biggest position.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on NTR. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a report on Friday, September 20th. Oppenheimer assumed coverage on Nutrien in a research note on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective on the stock. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $40.00 to $50.00 in a research report on Monday. Piper Sandler upgraded shares of Nutrien from an “underweight” rating to an “overweight” rating and raised their price target for the company from $50.00 to $58.00 in a report on Monday. Finally, Wells Fargo & Company downgraded shares of Nutrien from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $62.00 to $50.00 in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.21.

Read Our Latest Research Report on Nutrien

Nutrien Stock Up 1.0 %

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

Nutrien (NYSE:NTR – Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 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 business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. On average, sell-side analysts forecast that Nutrien Ltd. will post 3.5 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a $0.939 dividend. 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 annualized dividend and a dividend yield of 7.26%. Nutrien’s dividend payout ratio (DPR) is 144.97%.

Nutrien Company Profile

(Free Report)

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.

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