Lindbrook Capital LLC Buys 419 Shares of Nutrien Ltd. (NYSE:NTR)

Lindbrook Capital LLC boosted its stake in Nutrien Ltd. (NYSE:NTR) by 50.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,247 shares of the company’s stock after acquiring an additional 419 shares during the period. Lindbrook Capital LLC’s holdings in Nutrien were worth $56,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC boosted its holdings in Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after acquiring an additional 480 shares in the last quarter. Assetmark Inc. boosted its holdings in Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after acquiring an additional 690 shares in the last quarter. Asset Planning Inc bought a new stake in shares of Nutrien during the 4th quarter valued at $35,000. Exchange Traded Concepts LLC boosted its holdings in shares of 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. Finally, Principal Securities Inc. boosted its holdings in shares of Nutrien by 138.1% during the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock valued at $42,000 after buying an additional 540 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NYSE:NTR opened at $51.03 on Friday. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87. The business has a 50-day simple moving average of $50.71 and a two-hundred day simple moving average of $48.58. 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 firm has a market cap of $24.96 billion, a price-to-earnings ratio of 37.24, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last issued its 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). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. On average, analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders 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 yield of 4.27%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is 159.12%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NTR shares. Piper Sandler boosted their target price on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. Mizuho boosted their target price on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. CIBC boosted their target price on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a report on Tuesday, February 25th. Finally, Scotiabank boosted their target price on shares of Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.13.

Nutrien 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.