RWA Wealth Partners LLC Sells 1,520 Shares of Nutrien Ltd. (NYSE:NTR)

RWA Wealth Partners LLC trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,873 shares of the company’s stock after selling 1,520 shares during the quarter. RWA Wealth Partners LLC’s holdings in Nutrien were worth $613,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Nutrien by 1.9% during the third 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 in the last quarter. Deutsche Bank AG lifted its holdings 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 valued at $908,374,000 after purchasing an additional 214,299 shares in the last quarter. Mackenzie Financial Corp lifted its holdings 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 valued at $751,381,000 after purchasing an additional 239,578 shares in the last quarter. Parnassus Investments LLC grew its position in shares of Nutrien by 1.3% in the 3rd quarter. Parnassus Investments LLC now owns 10,057,019 shares of the company’s stock valued at $621,121,000 after purchasing an additional 131,418 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in 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 buying an additional 48,230 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NTR shares. The Goldman Sachs Group reduced their target price on shares of Nutrien from $88.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. CIBC dropped their target price on Nutrien from $87.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. TD Securities cut their target price on Nutrien from $75.00 to $67.00 and set a “buy” rating on the stock in a research note on Tuesday, February 20th. HSBC decreased their price target on shares of Nutrien from $63.00 to $57.00 and set a “hold” rating for the company in a research note on Friday, March 8th. Finally, Berenberg Bank cut their price objective on shares of Nutrien from $67.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $67.95.

Nutrien Price Performance

Shares of NYSE NTR opened at $52.28 on Thursday. The company has a quick ratio of 0.65, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average price is $53.17 and its two-hundred day moving average price is $54.16. The company has a market cap of $25.86 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.95 and a beta of 0.89. Nutrien Ltd. has a twelve month low of $47.90 and a twelve month high of $71.25.

Nutrien (NYSE:NTR) last posted 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). Nutrien had a return on equity of 8.59% and a net margin of 4.33%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period in the previous year, the firm posted $2.02 earnings per share. The firm’s revenue was down 24.8% compared to the same quarter last year. On average, analysts predict that Nutrien Ltd. will post 3.82 EPS for the current year.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a dividend of $0.54 per share. This is an increase from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.16 annualized dividend and a dividend yield of 4.13%. Nutrien’s payout ratio is presently 85.38%.

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.