RWA Wealth Partners LLC Sells 726 Shares of Nutrien Ltd. (NYSE:NTR)

RWA Wealth Partners LLC cut its holdings in Nutrien Ltd. (NYSE:NTR) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,876 shares of the company’s stock after selling 726 shares during the period. RWA Wealth Partners LLC’s holdings in Nutrien were worth $352,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Uncommon Cents Investing LLC increased its position in shares of Nutrien by 2.1% during the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock valued at $517,000 after purchasing an additional 235 shares during the last quarter. Rhumbline Advisers grew its position in Nutrien by 3.5% during the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock valued at $331,000 after buying an additional 247 shares during the period. FFT Wealth Management LLC grew its position in Nutrien by 0.9% during the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock valued at $1,330,000 after buying an additional 277 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Nutrien by 23.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company’s stock worth $81,000 after buying an additional 348 shares during the last quarter. Finally, PFG Investments LLC grew its position in shares of Nutrien by 2.0% during the 4th quarter. PFG Investments LLC now owns 20,097 shares of the company’s stock valued at $899,000 after acquiring an additional 386 shares during the period. 63.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on NTR shares. Oppenheimer initiated coverage on shares of Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price target on the stock. Wells Fargo & Company boosted 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. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. Piper Sandler boosted their price objective on Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Finally, Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Nutrien has an average rating of “Hold” and an average target price of $60.00.

Nutrien Stock Performance

NYSE NTR opened at $49.67 on Wednesday. The company’s 50 day simple moving average is $51.52 and its two-hundred day simple moving average is $49.06. 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 has a market capitalization of $24.28 billion, a PE ratio of 36.26, a P/E/G ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last issued 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). The business had revenue of $5.08 billion during 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%. Analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Monday, March 31st. Nutrien’s payout ratio is 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.