United Capital Financial Advisors LLC Sells 9,400 Shares of Nutrien Ltd. (NYSE:NTR)

United Capital Financial Advisors LLC cut its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 65.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,044 shares of the company's stock after selling 9,400 shares during the quarter. United Capital Financial Advisors LLC's holdings in Nutrien were worth $226,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Fairway Wealth LLC purchased a new stake in Nutrien in the 4th quarter worth $27,000. HHM Wealth Advisors LLC lifted its position in shares of Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after buying an additional 480 shares in the last quarter. Assetmark Inc. lifted its position in shares of Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after buying an additional 690 shares in the last quarter. Asset Planning Inc bought a new position in Nutrien during the fourth quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC grew its holdings 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 buying an additional 416 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NTR has been the subject of a number of research reports. Mizuho increased their target price on Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. The Goldman Sachs Group began coverage on shares of Nutrien in a research report on Thursday, March 13th. They set a "sell" rating and a $53.00 target price on the stock. JPMorgan Chase & Co. raised Nutrien from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. Scotiabank lifted their target price on Nutrien from $60.00 to $62.00 and gave the stock a "sector outperform" rating in a report on Monday, February 24th. Finally, CIBC increased their price target on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $59.27.

Nutrien Trading Up 0.6 %

NTR traded up $0.34 on Friday, reaching $54.02. 1,708,989 shares of the company traded hands, compared to its average volume of 2,098,238. 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 company has a market cap of $26.40 billion, a P/E ratio of 39.43, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. The firm has a fifty day simple moving average of $51.12 and a two-hundred day simple moving average of $49.40. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last posted 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). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. As a group, equities research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were paid a dividend of $0.545 per share. The ex-dividend date was Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.04%. Nutrien's dividend 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.