Diversified Investment Strategies LLC Purchases 750 Shares of Nutrien Ltd. (NYSE:NTR)

Diversified Investment Strategies LLC increased its stake in Nutrien Ltd. (NYSE:NTR) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,902 shares of the company’s stock after purchasing an additional 750 shares during the period. Nutrien makes up approximately 2.7% of Diversified Investment Strategies LLC’s portfolio, making the stock its 14th biggest holding. Diversified Investment Strategies LLC’s holdings in Nutrien were worth $4,202,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cascade Investment Advisors Inc. boosted its position in Nutrien by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 34,774 shares of the company’s stock valued at $1,556,000 after buying an additional 590 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Nutrien in the fourth quarter valued at approximately $67,000. PFG Investments LLC grew its holdings in shares of Nutrien by 2.0% in the fourth quarter. PFG Investments LLC now owns 20,097 shares of the company’s stock worth $899,000 after purchasing an additional 386 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after buying an additional 416 shares during the period. Finally, Hedges Asset Management LLC purchased a new stake in Nutrien during the 4th quarter valued at $470,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NTR stock opened at $52.56 on Wednesday. The company has a market capitalization of $25.81 billion, a P/E ratio of 35.29, a P/E/G ratio of 1.17 and a beta of 0.81. The company’s 50-day simple moving average is $47.88 and its two-hundred day simple moving average is $48.02. Nutrien Ltd. has a one year low of $43.69 and a one year high of $60.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

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

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a $0.939 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.15%. Nutrien’s dividend payout ratio (DPR) is currently 144.97%.

Analysts Set New Price Targets

NTR has been the subject of a number of recent analyst reports. Barclays reaffirmed an “equal weight” rating and set a $56.00 price target (up previously from $55.00) on shares of Nutrien in a research report on Tuesday, January 21st. Piper Sandler raised their price target on Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Oppenheimer initiated coverage on Nutrien in a research report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price for the company. Finally, CIBC reiterated an “outperformer” rating and issued a $55.00 price target (down from $60.00) on shares of Nutrien in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.94.

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.