IFP Advisors Inc Has $2.50 Million Holdings in Nutrien Ltd. (NYSE:NTR)

IFP Advisors Inc lifted its holdings in Nutrien Ltd. (NYSE:NTR) by 30,697.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,744 shares of the company’s stock after acquiring an additional 55,563 shares during the quarter. IFP Advisors Inc’s holdings in Nutrien were worth $2,495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. HHM Wealth Advisors LLC lifted its holdings in Nutrien by 331.0% during the 4th 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. Asset Planning Inc acquired a new position in Nutrien during the 4th quarter worth $35,000. Exchange Traded Concepts LLC lifted its holdings in Nutrien by 96.7% during 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. Principal Securities Inc. lifted its holdings in Nutrien by 138.1% during the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock worth $42,000 after buying an additional 540 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Nutrien during the 4th quarter worth $67,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Stock Performance

NTR opened at $53.60 on Wednesday. The business’s 50-day moving average price is $49.66 and its two-hundred day moving average price is $48.35. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $60.87. The company has a market capitalization of $26.25 billion, a price-to-earnings ratio of 39.12, a P/E/G ratio of 1.19 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The company had revenue of $5.08 billion during 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%. Equities analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio is currently 159.12%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group increased their price target on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Barclays reissued an “equal weight” rating and issued a $56.00 price target (up previously from $55.00) on shares of Nutrien in a research note on Tuesday, January 21st. Mizuho increased their price target on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Scotiabank upped their price objective on shares of Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Monday. Finally, CIBC upped their price objective on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.11.

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.