Nutrien Ltd. $NTR Shares Acquired by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners LLC increased its ownership of Nutrien Ltd. by 4.3% in Q2, holding 148,766 shares valued at approximately $8.66 million.
• The company's recent quarter earnings showed a significant EPS of $2.65, beating estimates and marking a year-over-year increase.
• Nutrien announced a quarterly dividend of $0.545, with an annualized yield of 3.6%, to be paid on October 17th.

Cyndeo Wealth Partners LLC lifted its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 4.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 148,766 shares of the company's stock after purchasing an additional 6,174 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Nutrien were worth $8,664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. IFP Advisors Inc grew its stake in shares of Nutrien by 12.3% during the 2nd quarter. IFP Advisors Inc now owns 52,426 shares of the company's stock worth $3,053,000 after purchasing an additional 5,752 shares during the period. US Bancorp DE grew its stake in shares of Nutrien by 1.1% during the 2nd quarter. US Bancorp DE now owns 31,755 shares of the company's stock worth $1,849,000 after purchasing an additional 345 shares during the period. Maryland State Retirement & Pension System grew its stake in shares of Nutrien by 9.0% during the 2nd quarter. Maryland State Retirement & Pension System now owns 120,250 shares of the company's stock worth $7,012,000 after purchasing an additional 9,912 shares during the period. Triasima Portfolio Management inc. grew its stake in shares of Nutrien by 1.5% during the 2nd quarter. Triasima Portfolio Management inc. now owns 154,600 shares of the company's stock worth $8,990,000 after purchasing an additional 2,358 shares during the period. Finally, Shell Asset Management Co. grew its stake in shares of Nutrien by 44.6% during the 2nd quarter. Shell Asset Management Co. now owns 48,155 shares of the company's stock worth $2,800,000 after purchasing an additional 14,842 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTR has been the topic of a number of recent analyst reports. Scotiabank lowered their price target on shares of Nutrien from $62.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Monday, August 11th. Wall Street Zen cut shares of Nutrien from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 5th. Weiss Ratings reissued a "hold (c)" rating on shares of Nutrien in a research note on Wednesday. Jefferies Financial Group lowered their price objective on shares of Nutrien from $61.00 to $60.00 and set a "hold" rating on the stock in a research note on Tuesday, September 9th. Finally, TD Securities increased their price objective on shares of Nutrien from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Nutrien has a consensus rating of "Hold" and a consensus price target of $62.39.

Nutrien Price Performance

NYSE:NTR opened at $61.18 on Friday. The firm has a market cap of $29.68 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 0.98 and a beta of 0.82. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. The company's 50-day moving average is $57.70 and its two-hundred day moving average is $57.18. 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 earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.41 by $0.24. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The firm's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.34 EPS. Research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, September 29th. Nutrien's dividend payout ratio is 78.14%.

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.

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