Kingswood Wealth Advisors LLC Invests $517,000 in Nutrien Ltd. (NYSE:NTR)

Kingswood Wealth Advisors LLC purchased a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,435 shares of the company's stock, valued at approximately $517,000.

Other large investors also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in shares of Nutrien during the 4th quarter worth about $27,000. Assetmark Inc. boosted its stake in shares of 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. boosted its stake in shares of Nutrien by 138.1% during the 4th quarter. Principal Securities Inc. now owns 931 shares of the company's stock worth $42,000 after acquiring an additional 540 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 worth $52,000 after acquiring an additional 1,022 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of Nutrien by 50.6% during the 4th quarter. Lindbrook Capital LLC now owns 1,247 shares of the company's stock worth $56,000 after acquiring an additional 419 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Berenberg Bank increased their target price on Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, April 15th. Oppenheimer increased their target price on Nutrien from $58.00 to $63.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. TD Securities increased their target price on Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a research note on Monday, May 12th. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company increased their target price on Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Nutrien presently has an average rating of "Hold" and an average price target of $61.94.

Nutrien Trading Down 2.2%

Nutrien stock traded down $1.39 during mid-day trading on Friday, hitting $60.95. The stock had a trading volume of 2,617,255 shares, compared to its average volume of 2,181,607. The stock has a 50-day simple moving average of $57.69 and a two-hundred day simple moving average of $52.54. The stock has a market capitalization of $29.68 billion, a PE ratio of 56.96, a P/E/G ratio of 1.10 and a beta of 0.81. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $65.08. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the prior year, the business earned $0.46 EPS. Nutrien's revenue was down 5.4% on a year-over-year basis. As a group, sell-side 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, July 18th. Stockholders of record on Monday, June 30th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Monday, June 30th. Nutrien's dividend payout ratio is currently 203.74%.

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.