Metis Global Partners LLC Purchases 6,982 Shares of Nutrien Ltd. (NYSE:NTR)

Metis Global Partners LLC boosted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,402 shares of the company’s stock after acquiring an additional 6,982 shares during the quarter. Metis Global Partners LLC’s holdings in Nutrien were worth $4,023,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC grew its position in Nutrien by 904.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after acquiring an additional 678 shares during the period. Evolution Advisers Inc. bought a new position in Nutrien in the 4th quarter worth approximately $49,000. NBC Securities Inc. acquired a new position in Nutrien during the 3rd quarter worth $58,000. Andra AP fonden bought a new position in Nutrien in the 3rd quarter valued at $62,000. Finally, CVA Family Office LLC acquired a new stake in shares of Nutrien in the 4th quarter valued at $57,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Performance

Nutrien stock traded up $1.08 during trading hours on Monday, hitting $54.01. The company had a trading volume of 1,521,975 shares, compared to its average volume of 1,963,525. Nutrien Ltd. has a one year low of $47.90 and a one year high of $69.12. The firm has a market cap of $26.71 billion, a PE ratio of 20.92, a PEG ratio of 1.98 and a beta of 0.89. The firm has a 50-day moving average of $53.34 and a 200 day moving average of $53.70. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.65.

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

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a dividend yield of 4.00%. Nutrien’s dividend payout ratio is 85.38%.

Analysts Set New Price Targets

A number of research firms have issued reports on NTR. Jefferies Financial Group started coverage on shares of Nutrien in a research report on Tuesday, March 26th. They set a “buy” rating and a $62.00 target price on the stock. Wells Fargo & Company lowered their target price on shares of Nutrien from $77.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, February 26th. 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. Piper Sandler lowered Nutrien from a “neutral” rating to an “underweight” rating and cut their price target for the company from $68.00 to $54.00 in a report on Thursday, February 29th. Finally, HSBC decreased their price objective on Nutrien from $63.00 to $57.00 and set a “hold” rating for the company in a report on Friday, March 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Nutrien currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.25.

Nutrien Company 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.