WealthTrust Axiom LLC Acquires 15,450 Shares of Nutrien Ltd. (NYSE:NTR)

WealthTrust Axiom LLC boosted its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 35.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,876 shares of the company's stock after purchasing an additional 15,450 shares during the period. Nutrien makes up about 1.1% of WealthTrust Axiom LLC's portfolio, making the stock its 21st largest holding. WealthTrust Axiom LLC's holdings in Nutrien were worth $3,316,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NTR. Legacy Financial Group LLC bought a new position in shares of Nutrien in the third quarter valued at $28,000. Exchange Traded Concepts LLC increased its holdings in shares of Nutrien by 904.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company's stock valued at $42,000 after buying an additional 678 shares in the last quarter. Evolution Advisers Inc. bought a new position in shares of Nutrien in the fourth quarter valued at $49,000. CVA Family Office LLC bought a new position in shares of Nutrien in the fourth quarter valued at $57,000. Finally, NBC Securities Inc. bought a new position in shares of Nutrien in the third quarter valued at $58,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NTR has been the topic of several research reports. TD Securities dropped their price target on Nutrien from $75.00 to $67.00 and set a "buy" rating on the stock in a report on Tuesday, February 20th. The Goldman Sachs Group dropped their price target on Nutrien from $88.00 to $78.00 and set a "buy" rating on the stock in a research report on Thursday, February 1st. Berenberg Bank upgraded Nutrien from a "hold" rating to a "buy" rating and raised their price objective for the stock from $60.00 to $66.00 in a research report on Monday. Royal Bank of Canada lowered their target price on Nutrien from $75.00 to $70.00 and set an "outperform" rating on the stock in a research note on Friday, February 23rd. Finally, Wolfe Research began coverage on shares of Nutrien in a research report on Friday, March 1st. They issued an "outperform" rating and a $66.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Nutrien currently has an average rating of "Moderate Buy" and a consensus price target of $68.25.

Nutrien Stock Down 2.4 %

NYSE NTR traded down $1.31 during trading on Tuesday, reaching $52.77. The company's stock had a trading volume of 1,437,712 shares, compared to its average volume of 1,980,169. The company has a current ratio of 1.17, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $26.10 billion, a PE ratio of 20.86, a PEG ratio of 1.96 and a beta of 0.89. The business has a 50-day moving average price of $53.34 and a 200-day moving average price of $53.89. Nutrien Ltd. has a 1-year low of $47.90 and a 1-year high of $70.07.

Nutrien (NYSE:NTR - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.35). The business had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.36 billion. Nutrien had a net margin of 4.33% and a return on equity of 8.59%. Nutrien's revenue was down 24.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.02 earnings per share. On average, research analysts forecast that Nutrien Ltd. will post 3.82 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Nutrien's previous quarterly dividend of $0.53. Nutrien's dividend payout ratio (DPR) is 85.38%.

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.