Bleakley Financial Group LLC Increases Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Bleakley Financial Group LLC boosted its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 55.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,009 shares of the company's stock after purchasing an additional 9,233 shares during the quarter. Bleakley Financial Group LLC's holdings in Nutrien were worth $1,292,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NTR. Allworth Financial LP boosted its stake 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. GAMMA Investing LLC raised its stake in shares of Nutrien by 4,866.7% in the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after acquiring an additional 1,022 shares during the last quarter. Summit Securities Group LLC increased its stake in shares of Nutrien by 225.0% in the 4th quarter. Summit Securities Group LLC now owns 1,300 shares of the company's stock valued at $58,000 after acquiring an additional 900 shares during the last quarter. HM Payson & Co. bought a new stake in shares of Nutrien in the 1st quarter valued at about $65,000. Finally, Lee Danner & Bass Inc. bought a new stake in Nutrien in the fourth quarter valued at approximately $67,000. 63.10% of the stock is owned by institutional investors.

Nutrien Trading Up 4.4%

Shares of Nutrien stock traded up $2.59 during trading on Friday, hitting $60.91. The stock had a trading volume of 916,388 shares, compared to its average volume of 2,182,383. The firm's fifty day simple moving average is $59.68 and its 200-day simple moving average is $54.25. The stock has a market cap of $29.67 billion, a PE ratio of 56.79, a PEG ratio of 1.08 and a beta of 0.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.59. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). The company had revenue of $4.67 billion during 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 company's revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. As a group, sell-side analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 annualized dividend and a dividend yield of 3.58%. Nutrien's dividend payout ratio (DPR) is currently 203.74%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Raymond James Financial downgraded shares of Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 target price for the company. in a research report on Tuesday, June 17th. Morgan Stanley increased their target price on Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. TD Securities lifted their price objective on Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Jefferies Financial Group reaffirmed a "hold" rating and set a $66.00 target price (up from $63.00) on shares of Nutrien in a research report on Friday, July 11th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Nutrien in a report on Monday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.