6,269 Shares in Nutrien Ltd. $NTR Bought by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC has acquired a new position in Nutrien Ltd. by purchasing 6,269 shares valued at approximately $311,000 in the first quarter of the year.
• Institutional investors own 63.10% of Nutrien's stock, with significant increases in holdings reported by firms such as Vanguard Group and JPMorgan Chase during the same quarter.
• Nutrien recently announced a quarterly dividend of $0.545 per share, which represents an annualized yield of 3.8% and reflects a payout ratio of 78.14%.

Belpointe Asset Management LLC purchased a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,269 shares of the company's stock, valued at approximately $311,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in Nutrien by 184.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company's stock worth $608,000 after buying an additional 7,934 shares during the last quarter. Intech Investment Management LLC grew its stake in Nutrien by 284.0% during the 1st quarter. Intech Investment Management LLC now owns 69,128 shares of the company's stock worth $3,430,000 after buying an additional 51,126 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Nutrien by 27.6% during the 1st quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock worth $229,000 after buying an additional 1,002 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Nutrien by 1.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 736,996 shares of the company's stock worth $36,607,000 after buying an additional 7,194 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new position in Nutrien during the 1st quarter worth approximately $517,000. Hedge funds and other institutional investors own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NTR. Royal Bank Of Canada restated an "outperform" rating on shares of Nutrien in a research note on Monday, July 14th. UBS Group lowered their target price on Nutrien from $64.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Barclays lifted their target price on Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. TD Securities lifted their target price on Nutrien from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Finally, Wells Fargo & Company lifted their target price on Nutrien from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Nutrien currently has a consensus rating of "Hold" and a consensus price target of $62.39.

Nutrien Price Performance

Shares of Nutrien stock traded up $0.35 during trading on Friday, reaching $56.58. The company's stock had a trading volume of 2,312,985 shares, compared to its average volume of 2,506,676. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $65.08. The company has a market capitalization of $27.45 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 0.92 and a beta of 0.77. The business has a 50 day moving average price of $57.95 and a 200-day moving average price of $56.46.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, beating analysts' consensus estimates of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.40 billion. During the same period in the previous year, the business earned $2.34 earnings per share. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate 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, October 17th. Investors of record on Monday, September 29th will be paid a $0.545 dividend. The ex-dividend date is Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.9%. Nutrien's payout ratio is 78.14%.

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.