Pekin Hardy Strauss Inc. Sells 4,470 Shares of Nutrien Ltd. (NYSE:NTR)

Pekin Hardy Strauss Inc. decreased its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 25.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,207 shares of the company's stock after selling 4,470 shares during the quarter. Pekin Hardy Strauss Inc.'s holdings in Nutrien were worth $655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of NTR. Fairway Wealth LLC bought a new stake in Nutrien during the 4th quarter valued at $27,000. Assetmark Inc. raised its holdings in Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after acquiring an additional 690 shares during the period. GAMMA Investing LLC raised its holdings in Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after acquiring an additional 1,022 shares during the period. Summit Securities Group LLC raised its holdings in Nutrien by 225.0% during the 4th quarter. Summit Securities Group LLC now owns 1,300 shares of the company's stock valued at $58,000 after acquiring an additional 900 shares during the period. Finally, HM Payson & Co. purchased a new position in shares of Nutrien during the 1st quarter valued at $65,000. Institutional investors own 63.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on NTR shares. The Goldman Sachs Group boosted their price target on shares of Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a research report on Friday, May 9th. Oppenheimer boosted their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Scotiabank lowered shares of Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price target for the company. in a research report on Thursday, May 22nd. Royal Bank Of Canada boosted their price target on shares of Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Finally, UBS Group boosted their price target 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $62.29.

Nutrien Stock Performance

NYSE NTR opened at $60.75 on Tuesday. The company has a 50-day simple moving average of $59.05 and a two-hundred day simple moving average of $53.49. The company has a quick ratio of 0.59, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $65.08. The firm has a market cap of $29.59 billion, a price-to-earnings ratio of 56.78, a PEG ratio of 1.14 and a beta of 0.80.

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 business had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $5.16 billion. During the same quarter in the previous year, the company earned $0.46 earnings per share. The business's quarterly revenue was down 5.4% on a year-over-year basis. On average, equities analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio (DPR) is 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.

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