Sprott Inc. Buys 1,944 Shares of Nutrien Ltd. (NYSE:NTR)

Sprott Inc. grew its stake in Nutrien Ltd. (NYSE:NTR) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,892 shares of the company’s stock after acquiring an additional 1,944 shares during the quarter. Sprott Inc.’s holdings in Nutrien were worth $2,322,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NTR. Uncommon Cents Investing LLC boosted its stake in Nutrien by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock worth $517,000 after purchasing an additional 235 shares in the last quarter. Rhumbline Advisers raised its holdings in Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock worth $331,000 after buying an additional 247 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Nutrien by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock worth $207,000 after buying an additional 263 shares in the last quarter. FFT Wealth Management LLC grew its holdings in shares of Nutrien by 0.9% during the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock valued at $1,330,000 after buying an additional 277 shares during the last quarter. Finally, Meixler Investment Management Ltd. increased its position in shares of Nutrien by 4.2% during the third quarter. Meixler Investment Management Ltd. now owns 7,159 shares of the company’s stock valued at $344,000 after acquiring an additional 288 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Performance

Shares of NTR opened at $53.60 on Wednesday. The business has a 50-day simple moving average of $49.66 and a two-hundred day simple moving average of $48.35. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $60.87. The stock has a market cap of $26.25 billion, a price-to-earnings ratio of 39.12, a PEG ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. On average, analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is 159.12%.

Wall Street Analyst Weigh In

NTR has been the topic of several analyst reports. Mizuho upped their price objective on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Barclays reaffirmed an “equal weight” rating and set a $56.00 price target (up from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. UBS Group lifted their price objective on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. CIBC upped their target price on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their price target on shares of Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $60.11.

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.