Paradiem LLC Cuts Stock Position in Nutrien Ltd. (NYSE:NTR)

Paradiem LLC lowered its stake in Nutrien Ltd. (NYSE:NTR) by 36.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,148 shares of the company’s stock after selling 4,661 shares during the period. Paradiem LLC’s holdings in Nutrien were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NTR. Legacy Financial Group LLC purchased a new stake in shares of Nutrien in the 3rd quarter worth approximately $28,000. Exchange Traded Concepts LLC lifted its position in Nutrien by 904.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after acquiring an additional 678 shares in the last quarter. Evolution Advisers Inc. bought a new position in Nutrien in the 4th quarter valued at approximately $49,000. CVA Family Office LLC bought a new position in Nutrien in the 4th quarter valued at approximately $57,000. Finally, NBC Securities Inc. bought a new position in Nutrien in the 3rd quarter valued at approximately $58,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of NYSE:NTR traded up $0.50 during midday trading on Friday, hitting $52.55. The company had a trading volume of 1,227,851 shares, compared to its average volume of 1,711,381. Nutrien Ltd. has a 12-month low of $47.90 and a 12-month high of $70.07. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.65. The company has a market cap of $25.99 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.96 and a beta of 0.89. The company has a fifty day moving average of $53.23 and a two-hundred day moving average of $54.03.

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

Nutrien Increases Dividend

The firm also recently declared 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 positive change from Nutrien’s previous quarterly dividend of $0.53. Nutrien’s dividend payout ratio is presently 85.38%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. 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. BMO Capital Markets lowered their price objective on Nutrien from $86.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, January 25th. TD Securities lowered their price objective on Nutrien from $75.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday, February 20th. Wolfe Research initiated coverage on Nutrien in a report on Friday, March 1st. They set an “outperform” rating and a $66.00 price target on the stock. Finally, Stifel Nicolaus increased their price target on Nutrien from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Nutrien presently has an average rating of “Hold” and a consensus 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.