EverSource Wealth Advisors LLC Grows Stock Position in Nutrien Ltd. (NYSE:NTR)

EverSource Wealth Advisors LLC boosted its position in Nutrien Ltd. (NYSE:NTR) by 23.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,804 shares of the company’s stock after buying an additional 348 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Nutrien were worth $81,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC purchased a new stake in Nutrien in the fourth quarter worth $250,000. HighTower Advisors LLC grew its position in shares of Nutrien by 6.4% in the fourth quarter. HighTower Advisors LLC now owns 17,452 shares of the company’s stock valued at $781,000 after purchasing an additional 1,056 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Nutrien in the fourth quarter valued at $556,000. Fairway Wealth LLC purchased a new position in shares of Nutrien in the fourth quarter valued at $27,000. Finally, Jackson Hole Capital Partners LLC grew its position in shares of Nutrien by 5.4% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 58,591 shares of the company’s stock valued at $2,622,000 after purchasing an additional 2,997 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Trading Down 0.2 %

NYSE NTR opened at $52.06 on Wednesday. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $51.41 and a 200-day moving average of $48.74. The firm has a market cap of $25.47 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last released 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 net margin of 2.62% and a return on equity of 6.81%. The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. As a group, sell-side analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current 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 paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is presently 159.12%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NTR shares. Piper Sandler lifted their price target on Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $40.00 to $50.00 in a research report on Monday, January 13th. The Goldman Sachs Group started coverage on Nutrien in a research report on Thursday, March 13th. They issued a “sell” rating and a $53.00 price target for the company. Mizuho lifted their price target on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Finally, Scotiabank lifted their price objective on Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Nutrien currently has an average rating of “Hold” 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.