Arkadios Wealth Advisors Makes New Investment in Nutrien Ltd. (NYSE:NTR)

Key Points

• Arkadios Wealth Advisors acquired a new stake in Nutrien Ltd. by purchasing 22,022 shares valued at approximately $1,094,000 during the first quarter of 2023.
• Nutrien reported a loss of $0.24 per share in its recent earnings, missing the consensus estimate of $0.35, with quarterly revenues down 5.4% year-over-year.
• The company announced a quarterly dividend of $0.545 per share, resulting in an annualized yield of 3.7%, but has a high dividend payout ratio of 203.74%.

Arkadios Wealth Advisors acquired a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,022 shares of the company's stock, valued at approximately $1,094,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Allworth Financial LP increased its holdings in Nutrien by 117.1% during the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock worth $50,000 after purchasing an additional 506 shares in the last quarter. GAMMA Investing LLC raised its position 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 during the last quarter. HM Payson & Co. bought a new stake in Nutrien in the 1st quarter valued at approximately $65,000. Banque Cantonale Vaudoise acquired a new position in Nutrien during the 1st quarter worth approximately $77,000. Finally, Bessemer Group Inc. grew its stake in shares of 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 in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Price Performance

Nutrien stock traded up $0.06 during midday trading on Tuesday, reaching $59.12. The company's stock had a trading volume of 1,447,159 shares, compared to its average volume of 1,708,742. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. The stock has a market cap of $28.79 billion, a PE ratio of 55.25, a price-to-earnings-growth ratio of 1.08 and a beta of 0.81. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08. The business has a 50-day moving average price of $60.08 and a 200-day moving average price of $55.26.

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

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were paid a $0.545 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.7%. Nutrien's dividend payout ratio (DPR) is 203.74%.

Wall Street Analyst Weigh In

NTR has been the topic of several analyst reports. Morgan Stanley boosted their price target 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. Scotiabank downgraded Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective for the company. in a report on Thursday, May 22nd. The Goldman Sachs Group boosted their target price on shares of Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a report on Friday, May 9th. Jefferies Financial Group reiterated a "hold" rating and issued a $66.00 price target (up previously from $63.00) on shares of Nutrien in a research note on Friday, July 11th. Finally, Oppenheimer boosted their price target on Nutrien from $63.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nutrien currently has a consensus rating of "Hold" and a consensus price target of $63.39.

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.