MONECO Advisors LLC Has $595,000 Holdings in Nutrien Ltd. (NYSE:NTR)

MONECO Advisors LLC boosted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,567 shares of the company’s stock after buying an additional 509 shares during the quarter. MONECO Advisors LLC’s holdings in Nutrien were worth $595,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its position in Nutrien by 904.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock worth $42,000 after buying an additional 678 shares during the last quarter. Evolution Advisers Inc. bought a new stake in shares of Nutrien during the fourth quarter worth approximately $49,000. CVA Family Office LLC bought a new stake in shares of Nutrien during the fourth quarter worth approximately $57,000. Parallel Advisors LLC boosted its holdings in shares of Nutrien by 41.0% during the fourth quarter. Parallel Advisors LLC now owns 1,049 shares of the company’s stock worth $59,000 after acquiring an additional 305 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Nutrien during the fourth quarter worth approximately $61,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NTR shares. CIBC reduced their price objective on Nutrien from $87.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. TD Securities reduced their price objective on Nutrien from $75.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday, February 20th. Royal Bank of Canada reduced their price objective on Nutrien from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Wells Fargo & Company boosted their price objective on Nutrien from $67.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. cut Nutrien from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $58.00 to $48.00 in a report on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $66.28.

Nutrien Stock Down 0.9 %

NYSE NTR opened at $50.74 on Tuesday. The business has a fifty day moving average price of $55.19 and a two-hundred day moving average price of $53.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 0.53. Nutrien Ltd. has a fifty-two week low of $47.90 and a fifty-two week high of $69.12. The stock has a market capitalization of $25.10 billion, a PE ratio of 29.67, a PEG ratio of 1.64 and a beta of 0.87.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, May 8th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.11. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. The firm had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.38 billion. Equities analysts expect that Nutrien Ltd. will post 3.9 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, June 28th. This represents a $2.16 annualized dividend and a dividend yield of 4.26%. Nutrien’s dividend payout ratio (DPR) is presently 126.32%.

About Nutrien

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.