Alpine Woods Capital Investors LLC Has $487,000 Holdings in Nutrien Ltd. (NYSE:NTR)

Alpine Woods Capital Investors LLC grew its holdings in Nutrien Ltd. (NYSE:NTR) by 15.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,880 shares of the company’s stock after buying an additional 1,480 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Nutrien were worth $487,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NTR. Fairway Wealth LLC acquired a new position in shares of Nutrien in the 4th quarter valued at about $27,000. HHM Wealth Advisors LLC increased its holdings in shares of Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after purchasing an additional 480 shares during the period. Assetmark Inc. increased its holdings in shares of Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after purchasing an additional 690 shares during the period. Asset Planning Inc acquired a new position in shares of Nutrien in the 4th quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC increased its holdings 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 purchasing an additional 416 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Down 1.3 %

Shares of Nutrien stock opened at $50.10 on Friday. The stock has a market capitalization of $24.51 billion, a P/E ratio of 36.57, a PEG ratio of 1.19 and a beta of 0.81. 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 stock has a 50 day moving average price of $51.18 and a two-hundred day moving average price of $48.66. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87.

Nutrien (NYSE:NTR) last announced its 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 company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. Equities analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a $0.545 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.35%. Nutrien’s dividend payout ratio is 159.12%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Piper Sandler upped their target price on Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, January 27th. UBS Group upped their target price on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Mizuho boosted their price target on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Barclays boosted their price target on Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company boosted their price target on Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutrien currently has an average rating of “Hold” and an average target price of $60.13.

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.