Nutrien Ltd. $NTR Shares Acquired by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its stake in Nutrien Ltd. by 23.8%, acquiring an additional 11,129 shares, bringing their total ownership to 57,847 shares valued at $2.87 million.
• Nutrien reported $2.65 earnings per share (EPS) for the last quarter, surpassing analysts' estimates of $2.41, despite revenue slightly falling short of expectations at $10.30 billion.
• The company announced a quarterly dividend of $0.545 per share, representing a yield of 3.9%, with payment scheduled for October 17th.

Advisors Asset Management Inc. lifted its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 23.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,847 shares of the company's stock after buying an additional 11,129 shares during the period. Advisors Asset Management Inc.'s holdings in Nutrien were worth $2,873,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of NTR. Harbour Investments Inc. lifted its stake in Nutrien by 94.8% in the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company's stock worth $35,000 after purchasing an additional 348 shares in the last quarter. Allworth Financial LP lifted its position 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. Caitong International Asset Management Co. Ltd boosted its stake in Nutrien by 1,074.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company's stock worth $51,000 after buying an additional 935 shares during the last quarter. GAMMA Investing LLC grew its holdings in 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 buying an additional 1,022 shares in the last quarter. Finally, HM Payson & Co. purchased a new stake in Nutrien in the 1st quarter valued at $65,000. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Trading Down 1.5%

Shares of NTR stock traded down $0.85 during trading hours on Tuesday, hitting $56.47. The company had a trading volume of 2,803,928 shares, compared to its average volume of 2,034,429. 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 stock has a market capitalization of $27.45 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 0.97 and a beta of 0.77. The company's fifty day moving average is $58.60 and its 200 day moving average is $56.21. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08.

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

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien's dividend payout ratio is currently 78.14%.

Analyst Ratings Changes

Several research analysts have recently commented on NTR shares. National Bank Financial began coverage on Nutrien in a report on Friday. They set a "sector perform" rating on the stock. Morgan Stanley raised their price objective on shares of Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. National Bankshares initiated coverage on shares of Nutrien in a report on Friday. They issued a "sector perform" rating and a $64.00 target price on the stock. Wells Fargo & Company increased their price target on shares of Nutrien from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Finally, TD Securities raised their price target on shares of Nutrien from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $62.39.

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.