Moors & Cabot Inc. Reduces Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Moors & Cabot Inc. lowered its stake in Nutrien Ltd. (NYSE:NTR) by 1.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 43,991 shares of the company’s stock after selling 775 shares during the quarter. Moors & Cabot Inc.’s holdings in Nutrien were worth $1,969,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of Nutrien in the fourth quarter worth about $27,000. HHM Wealth Advisors LLC raised its stake 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 during the period. Assetmark Inc. raised its stake 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 during the period. Asset Planning Inc bought a new position in shares of Nutrien in the fourth quarter worth about $35,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after buying an additional 416 shares during the period. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Piper Sandler raised their price objective on Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Scotiabank lifted their target price on Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Monday, February 24th. Wells Fargo & Company lifted their target price on Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Oppenheimer started coverage on Nutrien in a research note on Thursday, December 12th. They set an “outperform” rating and a $60.00 target price on the stock. Finally, CIBC lifted their target price on Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Nutrien currently has an average rating of “Moderate Buy” and an average target price of $60.13.

Nutrien Stock Performance

NYSE:NTR opened at $50.75 on Thursday. 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 Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The stock’s 50 day simple moving average is $51.08 and its two-hundred day simple moving average is $48.65. The company has a market cap of $24.83 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last released its quarterly earnings data 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). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is 159.12%.

About Nutrien

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.