Nutrien Ltd. (NYSE:NTR) Stock Holdings Lifted by Cetera Investment Advisers

Cetera Investment Advisers raised its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 35.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,312 shares of the company's stock after purchasing an additional 9,863 shares during the quarter. Cetera Investment Advisers' holdings in Nutrien were worth $1,669,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Balyasny Asset Management L.P. grew its stake in Nutrien by 93.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 17,995 shares of the company's stock valued at $805,000 after purchasing an additional 8,690 shares in the last quarter. Bayesian Capital Management LP acquired a new position in Nutrien in the fourth quarter worth about $201,000. Bank of America Corp DE grew its stake in Nutrien by 5.9% in the fourth quarter. Bank of America Corp DE now owns 2,685,886 shares of the company's stock worth $120,193,000 after purchasing an additional 150,464 shares in the last quarter. American Trust Investment Advisors LLC grew its stake in Nutrien by 33.0% in the fourth quarter. American Trust Investment Advisors LLC now owns 14,860 shares of the company's stock worth $665,000 after purchasing an additional 3,690 shares in the last quarter. Finally, Aptus Capital Advisors LLC acquired a new position in Nutrien in the fourth quarter worth about $511,000. Institutional investors and hedge funds own 63.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Mizuho lifted their price target on Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. CIBC lifted their price target on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research note on Tuesday, February 25th. TD Securities lifted their price target on Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Berenberg Bank lifted their price target on Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, April 15th. Finally, Scotiabank downgraded Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 target price for the company. in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Nutrien presently has a consensus rating of "Hold" and a consensus price target of $61.44.

Nutrien Stock Performance

Shares of NYSE NTR traded up $0.78 during midday trading on Monday, hitting $59.67. 1,544,142 shares of the company's stock were exchanged, compared to its average volume of 2,147,810. 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 stock's 50 day moving average price is $53.55 and its 200-day moving average price is $50.71. The firm has a market cap of $29.13 billion, a P/E ratio of 43.55, a PEG ratio of 1.19 and a beta of 0.79. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $59.83.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The business's quarterly revenue was down 5.4% on a year-over-year basis. Equities research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be issued a dividend of $0.545 per share. The ex-dividend date is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.65%. Nutrien's payout ratio is 203.74%.

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.