Financial Sense Advisors Inc. Buys New Stake in Nutrien Ltd. (NYSE:NTR)

Financial Sense Advisors Inc. acquired a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,000 shares of the company's stock, valued at approximately $248,000.

A number of other hedge funds have also recently added to or reduced their stakes in NTR. Allworth Financial LP lifted its position in Nutrien by 117.1% in the first 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 lifted its position in shares of Nutrien by 4,866.7% during 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 period. Summit Securities Group LLC lifted its position in shares of Nutrien by 225.0% during 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 period. HM Payson & Co. acquired a new stake in shares of Nutrien during the 1st quarter valued at approximately $65,000. Finally, Bessemer Group Inc. lifted its position in shares of Nutrien by 163.7% during 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 period. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Trading Down 0.7%

NTR stock traded down $0.43 during midday trading on Friday, hitting $59.86. The stock had a trading volume of 315,102 shares, compared to its average volume of 2,283,874. The firm has a market cap of $29.15 billion, a PE ratio of 55.97, a price-to-earnings-growth ratio of 1.12 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 $43.69 and a 12-month high of $65.08. The company's 50-day moving average price is $60.00 and its 200 day moving average price is $54.73.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The company had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $5.16 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. The firm's quarterly revenue was down 5.4% on a year-over-year basis. On average, equities research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were paid a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.18 annualized dividend and a dividend yield of 3.64%. Nutrien's dividend payout ratio is presently 203.74%.

Analyst Ratings Changes

A number of research firms have recently issued reports on NTR. Berenberg Bank lifted their price target on shares of Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a research report on Tuesday, April 15th. UBS Group lifted their price target on shares of Nutrien from $56.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on shares of Nutrien from $59.00 to $62.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Jefferies Financial Group reiterated a "hold" rating and set a $66.00 price target (up from $63.00) on shares of Nutrien in a research report on Friday, July 11th. Finally, TD Securities raised their price objective on shares of Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Nutrien presently has an average rating of "Hold" and an average price target of $63.22.

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.