Marco Investment Management LLC Has $224,000 Stake in Nutrien Ltd. (NYSE:NTR)

Marco Investment Management LLC decreased its position in Nutrien Ltd. (NYSE:NTR) by 12.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,000 shares of the company’s stock after selling 700 shares during the period. Marco Investment Management LLC’s holdings in Nutrien were worth $224,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC boosted its stake in Nutrien by 331.0% in the 4th 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. Assetmark Inc. boosted its stake in shares of Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after buying an additional 690 shares during the period. Asset Planning Inc acquired a new stake in shares of Nutrien during the 4th quarter valued at $35,000. Exchange Traded Concepts LLC boosted its stake 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 buying an additional 416 shares during the period. Finally, Principal Securities Inc. boosted its stake in shares of Nutrien by 138.1% during the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock valued at $42,000 after buying an additional 540 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE:NTR opened at $51.03 on Friday. The firm’s 50-day moving average is $50.71 and its 200-day moving average is $48.57. Nutrien Ltd. has a 52-week low of $43.70 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. The company has a market cap of $24.96 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. Equities research analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. The ex-dividend date is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.27%. Nutrien’s payout ratio is 159.12%.

Analyst Ratings Changes

A number of brokerages have issued reports on NTR. Oppenheimer began coverage on shares of Nutrien in a research note on Thursday, December 12th. They set an “outperform” rating and a $60.00 target price for the company. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $40.00 to $50.00 in a research note on Monday, January 13th. Scotiabank lifted their target price on shares of Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Monday, February 24th. CIBC lifted their target price on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research note on Tuesday, February 25th. Finally, UBS Group lifted their target price on shares of Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $59.94.

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.