Union Bancaire Privee UBP SA Makes New $67,000 Investment in Nutrien Ltd. (NYSE:NTR)

Union Bancaire Privee UBP SA bought a new stake in shares of Nutrien Ltd. (NYSE:NTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,583 shares of the company’s stock, valued at approximately $67,000.

Other large investors also recently modified their holdings of the company. HHM Wealth Advisors LLC lifted its position in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after purchasing an additional 480 shares during the period. Asset Planning Inc acquired a new position in shares of Nutrien in the 4th quarter valued at approximately $35,000. Exchange Traded Concepts LLC lifted its holdings in shares of Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after acquiring an additional 416 shares during the period. Principal Securities Inc. boosted its position in shares of Nutrien by 138.1% during the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock worth $42,000 after acquiring an additional 540 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Nutrien by 1,370.6% in the third 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 during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Price Performance

Nutrien stock opened at $53.60 on Wednesday. The stock’s 50 day moving average is $49.66 and its 200 day moving average is $48.35. Nutrien Ltd. has a one year low of $43.69 and a one year high of $60.87. The firm has a market cap of $26.25 billion, a P/E ratio of 39.12, a P/E/G ratio of 1.19 and a beta of 0.81. 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 issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. As a group, research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be given a dividend of $0.545 per share. The ex-dividend date is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.07%. Nutrien’s dividend payout ratio (DPR) is currently 159.12%.

Analysts Set New Price Targets

Several research firms have weighed in on NTR. Barclays restated an “equal weight” rating and set a $56.00 target price (up from $55.00) on shares of Nutrien in a research note on Tuesday, January 21st. TD Securities reduced their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Mizuho lifted their target price on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. 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 report on Monday, January 27th. Finally, Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nutrien has a consensus rating of “Moderate Buy” and a consensus price target of $60.11.

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.