Schechter Investment Advisors LLC Purchases Shares of 6,613 Nutrien Ltd. (NYSE:NTR)

Schechter Investment Advisors LLC purchased 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 and Exchange Commission (SEC). The firm purchased 6,613 shares of the company's stock, valued at approximately $328,000.

A number of other hedge funds have also bought and sold shares of the business. Genus Capital Management Inc. acquired a new stake in Nutrien during the first quarter worth about $1,429,000. Cerity Partners LLC grew its stake in Nutrien by 26.5% during the first quarter. Cerity Partners LLC now owns 13,730 shares of the company's stock worth $682,000 after buying an additional 2,876 shares in the last quarter. Allworth Financial LP grew its stake in Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company's stock worth $50,000 after buying an additional 506 shares in the last quarter. CORDA Investment Management LLC. grew its stake in Nutrien by 3.1% during the first quarter. CORDA Investment Management LLC. now owns 527,627 shares of the company's stock worth $26,207,000 after buying an additional 15,718 shares in the last quarter. Finally, ARGA Investment Management LP grew its stake in Nutrien by 7.7% during the first quarter. ARGA Investment Management LP now owns 6,510,844 shares of the company's stock worth $323,132,000 after buying an additional 467,254 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Oppenheimer raised their price target on shares of Nutrien from $63.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday. Scotiabank downgraded shares of Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price target on the stock. in a research note on Thursday, May 22nd. Royal Bank Of Canada restated an "outperform" rating on shares of Nutrien in a research note on Monday. Finally, Berenberg Bank raised their price target on shares of Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Nutrien has an average rating of "Hold" and a consensus price target of $62.78.

Nutrien Trading Down 0.0%

Nutrien stock traded down $0.01 during mid-day trading on Thursday, hitting $58.46. 1,006,076 shares of the stock were exchanged, compared to its average volume of 2,186,273. The company has a quick ratio of 0.59, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $65.08. The firm's fifty day simple moving average is $59.61 and its two-hundred day simple moving average is $54.15. The stock has a market capitalization of $28.47 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 1.12 and a beta of 0.80.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24). The firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. Analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.545 per share. The ex-dividend date is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a yield of 3.73%. Nutrien's dividend payout ratio (DPR) is presently 203.74%.

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.