Cyndeo Wealth Partners LLC Takes $7.08 Million Position in Nutrien Ltd. (NYSE:NTR)

Cyndeo Wealth Partners LLC bought a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 142,592 shares of the company's stock, valued at approximately $7,083,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NTR. Fairway Wealth LLC acquired a new position in shares of Nutrien during the fourth quarter worth about $27,000. Assetmark Inc. grew its holdings in Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after acquiring an additional 690 shares in the last quarter. Principal Securities Inc. increased its holdings in Nutrien by 138.1% in the fourth quarter. Principal Securities Inc. now owns 931 shares of the company's stock valued at $42,000 after buying an additional 540 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of 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. Finally, Lindbrook Capital LLC raised its holdings in Nutrien by 50.6% during the fourth quarter. Lindbrook Capital LLC now owns 1,247 shares of the company's stock worth $56,000 after purchasing an additional 419 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on NTR shares. BNP Paribas upgraded shares of Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. Royal Bank of Canada upped their target price on Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Bank of America boosted their price objective on Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Mizuho increased their price objective on Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Finally, Scotiabank cut shares of Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 target price on the stock. in a report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $61.44.

Nutrien Stock Performance

Shares of NTR stock traded down $0.07 during trading hours on Monday, reaching $62.82. 2,733,845 shares of the company's stock were exchanged, compared to its average volume of 2,173,574. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The company's 50 day moving average is $56.35 and its two-hundred day moving average is $52.04. The company has a market cap of $30.64 billion, a P/E ratio of 45.86, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $65.02.

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 analysts' consensus estimates of $0.35 by ($0.24). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same period last year, the business posted $0.46 EPS. Nutrien's revenue was down 5.4% compared to the same quarter last year. Equities research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.47%. Nutrien's payout ratio is 203.74%.

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.