U.S. Capital Wealth Advisors LLC Cuts Stake in Nutrien Ltd. (NYSE:NTR)

U.S. Capital Wealth Advisors LLC lessened its stake in shares of Nutrien Ltd. (NYSE:NTR) by 56.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 24,212 shares of the company’s stock after selling 30,831 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Nutrien were worth $1,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in NTR. Exchange Traded Concepts LLC boosted 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 valued at $38,000 after acquiring an additional 416 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Nutrien during the 4th quarter valued at about $67,000. Larson Financial Group LLC boosted its holdings in shares of Nutrien by 1,370.6% during 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 during the last quarter. Cromwell Holdings LLC boosted its holdings in shares of Nutrien by 113.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock valued at $82,000 after acquiring an additional 900 shares during the last quarter. Finally, Viking Fund Management LLC purchased a new stake in shares of Nutrien during the 3rd quarter valued at about $96,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 3.7 %

NYSE NTR opened at $52.86 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average of $48.31 and a two-hundred day moving average of $48.05. The firm has a market capitalization of $25.96 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 1.16 and a beta of 0.81. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $60.87.

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). The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. On average, analysts predict that Nutrien Ltd. will post 3.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD Securities dropped their price target on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. UBS Group increased their price objective on shares of Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Piper Sandler increased their price objective on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Barclays reiterated an “equal weight” rating and issued a $56.00 price objective (up previously from $55.00) on shares of Nutrien in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.94.

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.