IFP Advisors Inc Purchases 5,752 Shares of Nutrien Ltd. $NTR

IFP Advisors Inc raised its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 12.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,426 shares of the company's stock after acquiring an additional 5,752 shares during the period. IFP Advisors Inc's holdings in Nutrien were worth $3,053,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Nutrien by 48.7% during the first quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company's stock valued at $347,319,000 after buying an additional 2,291,518 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Nutrien by 7.1% during the first quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company's stock valued at $1,051,709,000 after buying an additional 1,412,503 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Nutrien by 17.1% during the first quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company's stock valued at $436,137,000 after buying an additional 1,284,181 shares during the last quarter. Nuveen LLC acquired a new position in shares of Nutrien during the first quarter valued at about $63,542,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Nutrien by 16.5% during the first quarter. The Manufacturers Life Insurance Company now owns 6,554,638 shares of the company's stock valued at $326,927,000 after buying an additional 927,041 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on NTR shares. National Bank Financial started coverage on shares of Nutrien in a research report on Friday, September 5th. They issued a "sector perform" rating for the company. Morgan Stanley increased their price target 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nutrien in a research note on Wednesday. Wall Street Zen cut shares of Nutrien from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Wells Fargo & Company upped their price objective on shares of Nutrien from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $62.39.

Nutrien Price Performance

Shares of NTR stock opened at $59.89 on Friday. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $65.08. The stock has a market cap of $29.06 billion, a PE ratio of 21.46, a PEG ratio of 0.99 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The firm's 50 day moving average price is $57.72 and its two-hundred day moving average price is $57.25.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, topping analysts' consensus estimates of $2.41 by $0.24. The company had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $2.34 earnings per share. As a group, analysts forecast 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. Shareholders of record on Monday, September 29th will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, September 29th. Nutrien's payout ratio is presently 78.14%.

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.

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