FORA Capital LLC Acquires Shares of 15,779 Nutrien Ltd. $NTR

Key Points

• FORA Capital LLC has acquired **15,779 shares** of Nutrien Ltd. valued at approximately **$784,000**, as stated in their recent 13F filing.
• Nutrien reported **$2.65 earnings per share** for the last quarter, surpassing analysts' expectations and showing a **2.8% year-over-year revenue growth**.
• The company declared a quarterly dividend of **$0.545 per share**, reflecting a **3.7% yield**, to be paid on **October 17th** for investors on record by **September 29th**.

FORA Capital LLC bought a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,779 shares of the company's stock, valued at approximately $784,000.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Nutrien by 184.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company's stock worth $608,000 after acquiring an additional 7,934 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Nutrien by 27.6% in the first quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock valued at $229,000 after purchasing an additional 1,002 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Nutrien during the first quarter valued at $517,000. Bessemer Group Inc. boosted its position in Nutrien by 163.7% during the 1st quarter. Bessemer Group Inc. now owns 1,690 shares of the company's stock worth $84,000 after acquiring an additional 1,049 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Nutrien by 4,866.7% in the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after purchasing an additional 1,022 shares during the period. Hedge funds and other institutional investors own 63.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NTR. Jefferies Financial Group reiterated a "hold" rating and issued a $66.00 target price (up previously from $63.00) on shares of Nutrien in a research report on Friday, July 11th. Raymond James Financial lowered Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price target for the company. in a report on Tuesday, June 17th. TD Securities lifted their target price on shares of Nutrien from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Bank of America boosted their target price on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group raised their price target on shares of Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a report on Friday, May 9th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Nutrien has a consensus rating of "Moderate Buy" and an average target price of $62.65.

Nutrien Trading Down 0.1%

Shares of NTR stock opened at $57.59 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08. The firm's fifty day simple moving average is $58.75 and its 200 day simple moving average is $56.05. The firm has a market capitalization of $27.99 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 0.97 and a beta of 0.77.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.24. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.40 billion. During the same quarter in the previous year, the firm posted $2.34 EPS. The business's revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, September 29th. Nutrien's dividend payout ratio is presently 78.14%.

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.