SG Americas Securities LLC Purchases 22,782 Shares of Nutrien Ltd. (NYSE:NTR)

SG Americas Securities LLC raised its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 135.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,651 shares of the company's stock after buying an additional 22,782 shares during the period. SG Americas Securities LLC's holdings in Nutrien were worth $1,969,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Cardinal Capital Management Inc. boosted its holdings in shares of Nutrien by 9.3% in the 1st quarter. Cardinal Capital Management Inc. now owns 595,187 shares of the company's stock worth $29,552,000 after purchasing an additional 50,545 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Nutrien by 27.6% in the first quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock worth $229,000 after buying an additional 1,002 shares in the last quarter. Radnor Capital Management LLC bought a new stake in shares of Nutrien during the first quarter valued at approximately $217,000. NBC Securities Inc. bought a new stake in shares of Nutrien during the 1st quarter valued at $161,000. Finally, Pacifica Partners Inc. grew its holdings in Nutrien by 47.0% in the first quarter. Pacifica Partners Inc. now owns 34,163 shares of the company's stock worth $1,732,000 after purchasing an additional 10,920 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Nutrien Trading Down 0.1%

NYSE NTR traded down $0.07 during trading on Monday, reaching $62.82. 2,733,826 shares of the stock traded hands, compared to its average volume of 2,173,574. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $65.02. The firm has a market cap of $30.64 billion, a price-to-earnings ratio of 45.86, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The stock's 50-day moving average price is $56.35 and its 200 day moving average price is $52.04.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). The business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. Nutrien's quarterly revenue was down 5.4% on a year-over-year basis. During the same period last year, the firm posted $0.46 EPS. Analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio is currently 203.74%.

Wall Street Analysts Forecast Growth

NTR has been the topic of several research analyst reports. Royal Bank of Canada increased their price target on Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, May 12th. TD Securities raised their target price on shares of Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a report on Monday, May 12th. CIBC raised their price objective on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research note on Tuesday, February 25th. Berenberg Bank increased their price target on Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday, April 15th. Finally, Wells Fargo & Company boosted their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $61.44.

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.