Jackson Hole Capital Partners LLC Sells 2,508 Shares of Nutrien Ltd. (NYSE:NTR)

Jackson Hole Capital Partners LLC reduced its stake in shares of Nutrien Ltd. (NYSE:NTR) by 4.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,737 shares of the company’s stock after selling 2,508 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Nutrien were worth $2,971,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BKA Wealth Consulting Inc. bought a new position in shares of Nutrien during the 4th quarter valued at approximately $311,000. Glenorchy Capital Ltd bought a new position in shares of Nutrien during the 4th quarter valued at approximately $1,702,000. Weatherly Asset Management L. P. grew its position in shares of Nutrien by 4.0% during the 4th quarter. Weatherly Asset Management L. P. now owns 42,062 shares of the company’s stock valued at $2,392,000 after acquiring an additional 1,630 shares during the period. Lorne Steinberg Wealth Management Inc. boosted its holdings in Nutrien by 11.7% in the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 71,817 shares of the company’s stock worth $4,047,000 after buying an additional 7,520 shares during the period. Finally, Lesa Sroufe & Co boosted its holdings in Nutrien by 0.9% in the 4th quarter. Lesa Sroufe & Co now owns 52,813 shares of the company’s stock worth $2,976,000 after buying an additional 465 shares during the period. 63.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on NTR shares. Piper Sandler downgraded shares of Nutrien from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $68.00 to $54.00 in a report on Thursday, February 29th. Stifel Nicolaus raised their price objective on shares of Nutrien from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 19th. HSBC cut their price objective on shares of Nutrien from $63.00 to $57.00 and set a “hold” rating for the company in a report on Friday, March 8th. CIBC cut their price objective on shares of Nutrien from $87.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Finally, TD Securities cut their price objective on shares of Nutrien from $75.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday, February 20th. Two investment 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 data from MarketBeat.com, Nutrien presently has an average rating of “Hold” and a consensus price target of $67.95.

Nutrien Price Performance

Shares of Nutrien stock traded down $0.24 on Thursday, hitting $52.05. 1,536,359 shares of the company traded hands, compared to its average volume of 1,997,104. The firm’s 50-day simple moving average is $53.20 and its 200 day simple moving average is $54.15. The company has a current ratio of 1.17, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The company has a market cap of $25.74 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.95 and a beta of 0.89. Nutrien Ltd. has a 12-month low of $47.90 and a 12-month high of $70.07.

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

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Wednesday, March 27th. This is a boost from Nutrien’s previous quarterly dividend of $0.53. Nutrien’s dividend payout ratio (DPR) is presently 85.38%.

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.