Parvin Asset Management LLC Makes New Investment in Nutrien Ltd. (NYSE:NTR)

Parvin Asset Management LLC bought a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,445 shares of the company's stock, valued at approximately $646,000.

Several other hedge funds have also recently added to or reduced their stakes in NTR. Fairway Wealth LLC bought a new stake in shares of Nutrien during the fourth quarter valued at about $27,000. HHM Wealth Advisors LLC raised its holdings in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after purchasing an additional 480 shares in the last quarter. Assetmark Inc. boosted its stake in Nutrien by 1,437.5% during the 4th 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 shares of Nutrien in the 4th quarter worth $35,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after buying an additional 416 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NTR. BNP Paribas raised Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. Wells Fargo & Company increased their target price on shares of Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a research note on Friday, February 21st. Mizuho lifted their price target on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Piper Sandler increased their price objective on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $60.00 target price on shares of Nutrien in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $59.27.

Nutrien Stock Down 1.0 %

Shares of NYSE NTR traded down $0.60 during mid-day trading on Monday, reaching $56.23. The company had a trading volume of 688,860 shares, compared to its average volume of 2,114,544. The stock has a market capitalization of $27.46 billion, a PE ratio of 41.07, a price-to-earnings-growth 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 $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The stock's 50 day moving average is $51.50 and its 200-day moving average is $49.69.

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 analysts' consensus estimates of $0.37 by ($0.09). The firm had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The firm 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. This represents a $2.18 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Monday, March 31st. Nutrien's dividend payout ratio (DPR) is presently 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.