Nutrien Ltd. (NYSE:NTR) Stake Lessened by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC trimmed its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,298 shares of the company’s stock after selling 2,809 shares during the period. Manning & Napier Advisors LLC’s holdings in Nutrien were worth $2,206,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new stake in Nutrien during the third quarter worth approximately $28,000. Exchange Traded Concepts LLC lifted its position in shares of Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after acquiring an additional 416 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Nutrien in the 2nd quarter valued at approximately $52,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Nutrien in the 4th quarter valued at approximately $67,000. Finally, Larson Financial Group LLC lifted its position in shares of Nutrien by 1,370.6% in the 3rd quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock valued at $77,000 after acquiring an additional 1,494 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NTR has been the subject of a number of research analyst reports. Piper Sandler increased their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday. Oppenheimer began coverage on shares of Nutrien in a research report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price for the company. Wells Fargo & Company raised their price target on shares of Nutrien from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Tuesday. UBS Group raised their price target on shares of Nutrien from $51.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and raised their price target for the company from $40.00 to $50.00 in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.94.

Nutrien Price Performance

NYSE:NTR opened at $52.31 on Friday. The company has a 50-day moving average of $48.03 and a 200-day moving average of $48.06. The company has a market capitalization of $25.69 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 1.17 and a beta of 0.81. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. Nutrien’s revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share. As a group, equities research analysts anticipate that Nutrien Ltd. will post 3.5 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a dividend of $0.939 per share. This is an increase from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a yield of 7.18%. The ex-dividend date of this dividend was Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is currently 144.97%.

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.