Kingswood Wealth Advisors LLC Buys New Position in Nutrien Ltd. (NYSE:NTR)

Kingswood Wealth Advisors LLC acquired a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,435 shares of the company's stock, valued at approximately $517,000.

Several other large investors have also bought and sold shares of NTR. Rhumbline Advisers lifted its holdings in shares of Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock worth $331,000 after acquiring an additional 247 shares during the last quarter. FFT Wealth Management LLC increased its position in Nutrien by 0.9% during the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock worth $1,330,000 after purchasing an additional 277 shares in the last quarter. Tidal Investments LLC increased its position in Nutrien by 2.9% during the 4th quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock worth $459,000 after purchasing an additional 293 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Nutrien by 23.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after purchasing an additional 348 shares during the last quarter. Finally, PKO Investment Management Joint Stock Co lifted its stake in Nutrien by 2.5% in the 1st quarter. PKO Investment Management Joint Stock Co now owns 16,296 shares of the company's stock valued at $811,000 after purchasing an additional 400 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Stock Down 1.3%

Nutrien stock traded down $0.77 during mid-day trading on Wednesday, reaching $58.65. The stock had a trading volume of 1,970,216 shares, compared to its average volume of 2,183,889. The firm has a market capitalization of $28.57 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.13 and a beta of 0.81. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $65.08. The stock's 50-day simple moving average is $58.00 and its 200-day simple moving average is $52.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22.

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

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio is currently 203.74%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank Of Canada boosted their price target on Nutrien from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Raymond James Financial lowered Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price objective on the stock. in a research note on Tuesday, June 17th. Wells Fargo & Company increased their target price on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Scotiabank lowered Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective for the company. in a research report on Thursday, May 22nd. Finally, TD Securities boosted their price objective on Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $61.94.

Nutrien 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.