Shufro Rose & Co. LLC Has $4.68 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Shufro Rose & Co. LLC cut its holdings in Nutrien Ltd. (NYSE:NTR) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 75,728 shares of the company’s stock after selling 1,200 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Nutrien were worth $4,677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Nutrien by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 18,052,214 shares of the company’s stock worth $1,114,905,000 after acquiring an additional 332,190 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Nutrien by 1.5% during the 3rd quarter. Deutsche Bank AG now owns 14,708,135 shares of the company’s stock worth $908,374,000 after purchasing an additional 214,299 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Nutrien by 1.8% during the 4th quarter. Mackenzie Financial Corp now owns 13,331,450 shares of the company’s stock worth $751,381,000 after purchasing an additional 239,578 shares in the last quarter. Parnassus Investments LLC raised its stake in shares of Nutrien by 1.3% during the 3rd quarter. Parnassus Investments LLC now owns 10,057,019 shares of the company’s stock worth $621,121,000 after purchasing an additional 131,418 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of Nutrien by 0.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 9,262,659 shares of the company’s stock worth $572,062,000 after purchasing an additional 48,230 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Trading Up 1.0 %

NTR stock traded up $0.50 during mid-day trading on Friday, reaching $52.55. The company’s stock had a trading volume of 1,227,851 shares, compared to its average volume of 1,711,381. The company has a market cap of $25.99 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.96 and a beta of 0.89. The business’s 50 day moving average price is $53.23 and its 200 day moving average price is $54.03. The company has a current ratio of 1.17, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a 12 month low of $47.90 and a 12 month high of $70.07.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). The business had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.36 billion. Nutrien had a return on equity of 8.59% and a net margin of 4.33%. The company’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.02 earnings per share. On average, equities research analysts predict that Nutrien Ltd. will post 3.82 EPS for the current year.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Nutrien’s previous quarterly dividend of $0.53. Nutrien’s dividend payout ratio (DPR) is 85.38%.

Analyst Upgrades and Downgrades

NTR has been the topic of a number of research analyst reports. Wolfe Research initiated coverage on Nutrien in a research note on Friday, March 1st. They issued an “outperform” rating and a $66.00 price target on the stock. Jefferies Financial Group initiated coverage on Nutrien in a research note on Tuesday, March 26th. They issued a “buy” rating and a $62.00 price target on the stock. HSBC dropped their price target on Nutrien from $63.00 to $57.00 and set a “hold” rating on the stock in a research note on Friday, March 8th. Wells Fargo & Company lowered their price objective on Nutrien from $77.00 to $69.00 and set an “overweight” rating on the stock in a research report on Monday, February 26th. Finally, Royal Bank of Canada lowered their price objective on Nutrien from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $67.95.

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.