Neuberger Berman Group LLC Has $8.79 Million Position in Nutrien Ltd. (NYSE:NTR)

Neuberger Berman Group LLC decreased its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 196,561 shares of the company's stock after selling 15,961 shares during the period. Neuberger Berman Group LLC's holdings in Nutrien were worth $8,791,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of Nutrien in the fourth quarter valued at about $27,000. HHM Wealth Advisors LLC boosted its holdings in shares of Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after buying an additional 480 shares in the last quarter. Assetmark Inc. increased its stake in shares of Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after purchasing an additional 690 shares in the last quarter. Asset Planning Inc bought a new stake in Nutrien in the fourth quarter worth $35,000. Finally, Exchange Traded Concepts LLC grew its position in Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 416 shares during the last quarter. Institutional investors own 63.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. Wells Fargo & Company lifted their price target on shares of Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a report on Friday, February 21st. Royal Bank of Canada reissued an "outperform" rating and issued a $60.00 price target on shares of Nutrien in a report on Monday, February 24th. Piper Sandler increased their price target on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Finally, Barclays lifted their price target on Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $59.40.

Nutrien Trading Up 2.1 %

Shares of NTR traded up $1.12 on Wednesday, hitting $53.34. 1,100,818 shares of the stock traded hands, compared to its average volume of 2,065,032. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The firm has a market capitalization of $26.07 billion, a P/E ratio of 38.93, a P/E/G ratio of 1.19 and a beta of 0.77. The stock's 50 day moving average is $50.78 and its two-hundred day moving average is $49.18. 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 - Get Free Report) last announced its quarterly 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 business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, sell-side analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were paid a $0.545 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.09%. 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.