Nutrien Ltd. (NYSE:NTR) Shares Purchased by Tyler Stone Wealth Management

Tyler Stone Wealth Management grew its position in shares of Nutrien Ltd. (NYSE:NTR) by 24.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 27,640 shares of the company’s stock after purchasing an additional 5,470 shares during the quarter. Tyler Stone Wealth Management’s holdings in Nutrien were worth $1,237,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Goodman Financial Corp grew its position in Nutrien by 4.6% in the 3rd quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock worth $12,201,000 after purchasing an additional 11,058 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Nutrien by 10.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock valued at $83,812,000 after acquiring an additional 157,932 shares during the period. Covea Finance increased its position in Nutrien by 21.9% in the 4th quarter. Covea Finance now owns 55,600 shares of the company’s stock valued at $2,485,000 after acquiring an additional 10,000 shares during the period. Wellington Management Group LLP boosted its position in Nutrien by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,396,887 shares of the company’s stock worth $67,200,000 after acquiring an additional 151,596 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of Nutrien by 5.7% in the fourth quarter. Van ECK Associates Corp now owns 1,480,870 shares of the company’s stock worth $66,264,000 after purchasing an additional 80,382 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and raised their target price for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. UBS Group raised their price target on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. 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. JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and upped their price target for the company from $40.00 to $50.00 in a report on Monday, January 13th. Finally, Mizuho increased their price objective on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Nutrien has an average rating of “Hold” and an average target price of $60.13.

Nutrien Price Performance

Shares of NTR stock opened at $50.19 on Wednesday. The stock’s fifty day moving average is $51.67 and its 200-day moving average is $48.91. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87. The stock has a market capitalization of $24.56 billion, a PE ratio of 36.64, a PEG ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). The business 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 research 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 paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s payout ratio 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.