Nutrien Ltd. (NYSE:NTR) Shares Bought by Moran Wealth Management LLC

Moran Wealth Management LLC increased its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 36.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,729 shares of the company's stock after acquiring an additional 5,008 shares during the period. Moran Wealth Management LLC's holdings in Nutrien were worth $929,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NTR. Fairway Wealth LLC purchased a new stake in shares of Nutrien during the 4th quarter worth about $27,000. Assetmark Inc. raised its holdings in Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after purchasing an additional 690 shares during the period. Principal Securities Inc. boosted its position in Nutrien by 138.1% during the fourth quarter. Principal Securities Inc. now owns 931 shares of the company's stock worth $42,000 after purchasing an additional 540 shares in the last quarter. GAMMA Investing LLC grew its holdings in Nutrien by 4,866.7% in the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after purchasing an additional 1,022 shares during the period. Finally, Lindbrook Capital LLC grew its holdings in Nutrien by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 1,247 shares of the company's stock valued at $56,000 after purchasing an additional 419 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NTR. TD Securities upped their target price on Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Wells Fargo & Company boosted their price target on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Bank of America upped their price objective on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. UBS Group lifted their target price on shares of Nutrien from $52.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Raymond James Financial cut shares of Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 target price for the company. in a research note on Tuesday, June 17th. 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $62.12.

Nutrien Trading Up 0.1%

Nutrien stock traded up $0.07 during trading on Monday, reaching $58.19. 2,855,648 shares of the company were exchanged, compared to its average volume of 2,202,130. The stock's 50 day simple moving average is $58.45 and its two-hundred day simple moving average is $52.98. The company has a market capitalization of $28.34 billion, a P/E ratio of 54.38, a PEG ratio of 1.10 and a beta of 0.81. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.59. Nutrien Ltd. has a 52-week low of $43.70 and a 52-week high of $65.08.

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 company had revenue of $4.67 billion during the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The firm's revenue was down 5.4% compared to the same quarter last year. During the same period last year, the business earned $0.46 earnings per share. On average, equities research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a $0.545 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.75%. Nutrien's payout ratio is 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.