Prevail Innovative Wealth Advisors LLC Acquires New Position in Nutrien Ltd. (NYSE:NTR)

Prevail Innovative Wealth Advisors LLC bought a new position in Nutrien Ltd. (NYSE:NTR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,409 shares of the company's stock, valued at approximately $666,000.

Other institutional investors also recently modified their holdings of the company. Tidal Investments LLC boosted its stake in Nutrien by 2.9% in the fourth quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock valued at $459,000 after acquiring an additional 293 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Nutrien by 23.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock worth $81,000 after purchasing an additional 348 shares during the period. PKO Investment Management Joint Stock Co lifted its stake in Nutrien by 2.5% in the first 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. Allworth Financial LP grew its holdings in Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company's stock valued at $50,000 after purchasing an additional 506 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in Nutrien by 2.8% during the first quarter. Vontobel Holding Ltd. now owns 22,498 shares of the company's stock valued at $1,117,000 after purchasing an additional 611 shares during the period. 63.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

NTR has been the topic of a number of recent research reports. BNP Paribas raised Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Oppenheimer boosted their price objective on Nutrien from $63.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday. Raymond James Financial lowered 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 report on Tuesday, June 17th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Nutrien in a research note on Monday. Finally, Jefferies Financial Group restated a "hold" rating and set a $66.00 price target (up from $63.00) on shares of Nutrien in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Nutrien presently has an average rating of "Hold" and an average price target of $62.78.

Nutrien Price Performance

Nutrien stock traded up $1.68 during midday trading on Friday, hitting $60.00. 2,566,839 shares of the company's stock were exchanged, compared to its average volume of 2,188,564. The company has a market cap of $29.22 billion, a P/E ratio of 56.08, a PEG ratio of 1.08 and a beta of 0.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. The stock has a 50-day moving average price of $59.77 and a two-hundred day moving average price of $54.35. 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 quarterly earnings data on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). The business had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $5.16 billion. Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. On average, equities research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Monday, June 30th. Nutrien's payout ratio is 203.74%.

Nutrien Company 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.