6,562 Shares in Nutrien Ltd. $NTR Purchased by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management acquired 6,562 shares of Nutrien Ltd. for approximately $382,000 during the 2nd quarter, marking a significant new position for the institution.
• Nutrien recently reported an EPS of $2.65 for the last quarter, surpassing estimates, while its quarterly revenue was $10.30 billion, slightly below the consensus estimate.
• The company declared a quarterly dividend of $0.545 per share, yielding approximately 3.8%, with a payout ratio of 78.14%.

Ritholtz Wealth Management purchased a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,562 shares of the company's stock, valued at approximately $382,000.

Several other large investors have also recently bought and sold shares of NTR. Harbour Investments Inc. raised its position in shares of Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company's stock worth $35,000 after acquiring an additional 348 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in Nutrien during the 2nd quarter worth about $49,000. Allworth Financial LP lifted its position in Nutrien by 117.1% during the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock valued at $50,000 after purchasing an additional 506 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Nutrien by 1,074.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company's stock valued at $51,000 after purchasing an additional 935 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake 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 last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Trading Up 0.3%

NYSE:NTR opened at $57.58 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The business's 50-day simple moving average is $57.80 and its 200-day simple moving average is $57.69. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08. The stock has a market capitalization of $27.94 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 0.94 and a beta of 0.82.

Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $2.65 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 firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.40 billion. During the same period last year, the company posted $2.34 EPS. The business's quarterly revenue was up 2.8% on a year-over-year basis. Sell-side analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Jefferies Financial Group reduced their price objective on shares of Nutrien from $61.00 to $60.00 and set a "hold" rating on the stock in a research note on Tuesday, September 9th. National Bank Financial began coverage on Nutrien in a research report on Friday, September 5th. They issued a "sector perform" rating on the stock. Wall Street Zen cut Nutrien from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 5th. Oppenheimer raised their target price on Nutrien from $63.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Wells Fargo & Company reiterated a "cautious" rating on shares of Nutrien in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $62.78.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.