Live Oak Private Wealth LLC Sells 8,515 Shares of Nutrien Ltd. (NYSE:NTR)

Live Oak Private Wealth LLC trimmed its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 62.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,100 shares of the company's stock after selling 8,515 shares during the quarter. Live Oak Private Wealth LLC's holdings in Nutrien were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Intact Investment Management Inc. lifted its stake in shares of Nutrien by 29.1% in the 1st quarter. Intact Investment Management Inc. now owns 1,115,348 shares of the company's stock valued at $55,362,000 after purchasing an additional 251,670 shares during the period. Garde Capital Inc. acquired a new position in shares of Nutrien in the 1st quarter valued at about $89,000. Covea Finance raised its stake in Nutrien by 13.5% during the 1st quarter. Covea Finance now owns 63,100 shares of the company's stock worth $3,138,000 after buying an additional 7,500 shares during the period. Blue Trust Inc. raised its stake in Nutrien by 78.2% during the 1st quarter. Blue Trust Inc. now owns 6,078 shares of the company's stock worth $302,000 after buying an additional 2,668 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new position in Nutrien during the 1st quarter worth approximately $517,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Bank of America upped their price target on Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Berenberg Bank upped their price target on Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, April 15th. UBS Group upped their price target on Nutrien from $52.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Barclays upped their price target on Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Finally, BNP Paribas raised Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $62.12.

Nutrien Stock Down 1.0%

Nutrien stock traded down $0.57 during trading on Thursday, hitting $58.07. 2,258,680 shares of the company were exchanged, compared to its average volume of 2,187,381. The business's 50 day moving average is $58.22 and its 200 day moving average is $52.78. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $65.08. The company has a market capitalization of $28.28 billion, a P/E ratio of 54.27, a PEG ratio of 1.11 and a beta of 0.81. 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 announced 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). The company had revenue of $4.67 billion for 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%. The company's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. Analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be paid a $0.545 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a yield of 3.75%. Nutrien's dividend payout ratio (DPR) is presently 203.74%.

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.