IFP Advisors Inc Lowers Stock Holdings in Nutrien Ltd. (NYSE:NTR)

IFP Advisors Inc decreased its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 16.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,674 shares of the company's stock after selling 9,070 shares during the period. IFP Advisors Inc's holdings in Nutrien were worth $2,318,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NTR. Allworth Financial LP increased its holdings in Nutrien by 117.1% during the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock worth $50,000 after purchasing an additional 506 shares during the period. GAMMA Investing LLC increased its holdings in Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after purchasing an additional 1,022 shares during the period. Summit Securities Group LLC increased its holdings in Nutrien by 225.0% during the 4th quarter. Summit Securities Group LLC now owns 1,300 shares of the company's stock worth $58,000 after purchasing an additional 900 shares during the period. HM Payson & Co. purchased a new position in shares of Nutrien in the 1st quarter valued at about $65,000. Finally, Bessemer Group Inc. increased its holdings in shares of 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. Institutional investors and hedge funds own 63.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NTR. Barclays increased their price objective on Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. UBS Group boosted their price objective on Nutrien from $56.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday. TD Securities increased their price objective on Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a report on Monday, May 12th. Jefferies Financial Group reissued a "hold" rating and issued a $66.00 price objective (up from $63.00) on shares of Nutrien in a report on Friday, July 11th. Finally, Morgan Stanley increased their price objective on Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $63.22.

Nutrien Price Performance

Nutrien stock traded down $0.43 during mid-day trading on Thursday, hitting $60.25. 619,661 shares of the company were exchanged, compared to its average volume of 2,292,130. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.59. The business's 50 day simple moving average is $59.94 and its two-hundred day simple moving average is $54.65. The company has a market capitalization of $29.34 billion, a P/E ratio of 56.37, a PEG ratio of 1.11 and a beta of 0.80. Nutrien Ltd. has a 12-month low of $43.69 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 earnings per share 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 analysts' expectations of $5.16 billion. Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The business'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. Analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Monday, June 30th. Nutrien's dividend payout ratio is currently 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.