Cary Street Partners Financial LLC Buys New Stake in Nutrien Ltd. (NYSE:NTR)

Key Points

• Cary Street Partners Financial LLC acquired a new stake in Nutrien Ltd., purchasing 57,934 shares valued at approximately $2.88 million, according to their 13F filing.
• Nutrien's stock opened at $58.08, down 1.8%, with a market capitalization of $28.28 billion and a current P/E ratio of 54.28.
• The company reported an EPS of $0.11 for the last quarter, missing analysts' estimates of $0.35, with quarterly revenue also falling short at $4.67 billion.

Cary Street Partners Financial LLC purchased a new stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 57,934 shares of the company's stock, valued at approximately $2,878,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Nutrien by 184.1% during the first 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 in the last quarter. Farther Finance Advisors LLC boosted its position in Nutrien by 27.6% during the first quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock worth $229,000 after acquiring an additional 1,002 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Nutrien during the 1st quarter valued at about $517,000. Bessemer Group Inc. raised its holdings in Nutrien by 163.7% in the 1st quarter. Bessemer Group Inc. now owns 1,690 shares of the company's stock valued at $84,000 after acquiring an additional 1,049 shares during the last quarter. Finally, GAMMA Investing LLC raised 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 acquiring an additional 1,022 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Stock Down 1.8%

Nutrien stock opened at $58.08 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. The company has a 50-day simple moving average of $60.04 and a 200-day simple moving average of $55.31. The firm has a market capitalization of $28.28 billion, a P/E ratio of 54.28, a P/E/G ratio of 1.08 and a beta of 0.81. Nutrien Ltd. has a one year low of $43.69 and a one year high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last released its 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 for the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The firm's quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS. As a group, equities analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NTR. UBS Group upped their price target on Nutrien from $56.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. 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. Bank of America boosted their target price on shares of Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, TD Securities raised their price target on shares of Nutrien from $67.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, August 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.39.

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.

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