Assetmark Inc. Acquires 690 Shares of Nutrien Ltd. (NYSE:NTR)

Assetmark Inc. grew its holdings in shares of Nutrien Ltd. (NYSE:NTRFree Report) by 1,437.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 738 shares of the company’s stock after purchasing an additional 690 shares during the quarter. Assetmark Inc.’s holdings in Nutrien were worth $33,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NTR. HHM Wealth Advisors LLC boosted its position in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after purchasing an additional 480 shares during the period. Asset Planning Inc bought a new position in shares of Nutrien in the fourth quarter valued at approximately $35,000. Exchange Traded Concepts LLC boosted its position in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after acquiring an additional 416 shares during the period. Principal Securities Inc. boosted its position in shares of Nutrien by 138.1% in the fourth quarter. Principal Securities Inc. now owns 931 shares of the company’s stock valued at $42,000 after acquiring an additional 540 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Nutrien in the fourth quarter valued at approximately $67,000. Institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays raised their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th. Mizuho raised their target price on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. UBS Group raised their target price on shares of Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Scotiabank lifted their price target on shares of Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 24th. Finally, CIBC lifted their price target on shares of Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $60.13.

Check Out Our Latest Analysis on NTR

Nutrien Price Performance

NTR opened at $50.82 on Friday. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The stock has a 50-day moving average price of $51.26 and a 200-day moving average price of $48.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The firm has a market cap of $24.86 billion, a PE ratio of 37.09, a P/E/G ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTRGet Free Report) last issued 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 return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Sell-side analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Monday, March 31st. Nutrien’s payout ratio is currently 159.12%.

About Nutrien

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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