Jackson Hole Capital Partners LLC Has $2.97 Million Position in Nutrien Ltd. (NYSE:NTR)

Jackson Hole Capital Partners LLC lowered its position in shares of Nutrien Ltd. (NYSE:NTR) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,737 shares of the company’s stock after selling 2,508 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Nutrien were worth $2,971,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NTR. The Manufacturers Life Insurance Company lifted its stake in Nutrien by 51.3% in the third quarter. The Manufacturers Life Insurance Company now owns 6,853,165 shares of the company’s stock valued at $425,881,000 after buying an additional 2,322,679 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its stake in Nutrien by 18,312.9% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,595,295 shares of the company’s stock valued at $89,862,000 after buying an additional 1,586,631 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in Nutrien by 544.3% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,361,282 shares of the company’s stock valued at $84,794,000 after buying an additional 1,150,000 shares in the last quarter. TD Asset Management Inc lifted its stake in Nutrien by 15.0% in the third quarter. TD Asset Management Inc now owns 7,175,994 shares of the company’s stock valued at $445,187,000 after buying an additional 933,517 shares in the last quarter. Finally, FMR LLC lifted its stake in Nutrien by 15.4% in the third quarter. FMR LLC now owns 6,369,027 shares of the company’s stock valued at $393,325,000 after buying an additional 849,908 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of NYSE:NTR traded down $0.24 on Thursday, hitting $52.05. The company had a trading volume of 1,536,359 shares, compared to its average volume of 1,997,104. Nutrien Ltd. has a 1-year low of $47.90 and a 1-year high of $70.07. The stock has a market cap of $25.74 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.95 and a beta of 0.89. The stock has a 50 day moving average price of $53.20 and a 200 day moving average price of $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.

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

Nutrien Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. HSBC cut their price target on shares of Nutrien from $63.00 to $57.00 and set a “hold” rating on the stock in a research note on Friday, March 8th. JPMorgan Chase & Co. lowered shares of Nutrien from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $58.00 to $48.00 in a research report on Friday, February 23rd. Stifel Nicolaus boosted their price objective on shares of Nutrien from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. BMO Capital Markets cut their price objective on shares of Nutrien from $86.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, January 25th. 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 given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $67.95.

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.