Wealth Enhancement Advisory Services LLC grew its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 184.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,243 shares of the company's stock after purchasing an additional 7,934 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Nutrien were worth $608,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in NTR. CVA Family Office LLC grew its position in Nutrien by 97.8% in the first quarter. CVA Family Office LLC now owns 2,022 shares of the company's stock worth $100,000 after acquiring an additional 1,000 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Nutrien by 135.1% during the first quarter. SG Americas Securities LLC now owns 39,651 shares of the company's stock valued at $1,969,000 after acquiring an additional 22,782 shares in the last quarter. Cardinal Capital Management Inc. raised its stake in shares of Nutrien by 9.3% during the first quarter. Cardinal Capital Management Inc. now owns 595,187 shares of the company's stock valued at $29,552,000 after acquiring an additional 50,545 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Nutrien by 27.6% during the first quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock valued at $229,000 after acquiring an additional 1,002 shares in the last quarter. Finally, Radnor Capital Management LLC bought a new position in Nutrien in the first quarter worth approximately $217,000. Hedge funds and other institutional investors own 63.10% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on NTR shares. Barclays boosted their price objective on shares of Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. TD Securities upped their target price on Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Royal Bank Of Canada upped their target price on Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Raymond James Financial lowered shares of Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price target on the stock. in a report on Tuesday, June 17th. Finally, The Goldman Sachs Group upped their price target on shares of Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Nutrien presently has a consensus rating of "Hold" and an average price target of $62.12.
Get Our Latest Research Report on Nutrien
Nutrien Trading Up 0.7%
Shares of Nutrien stock opened at $60.43 on Friday. The firm has a market capitalization of $29.43 billion, a PE ratio of 56.47, a P/E/G ratio of 1.14 and a beta of 0.80. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $65.08. The firm's 50-day moving average price is $58.95 and its 200 day moving average price is $53.26. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41.
Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The firm's revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 EPS. On average, sell-side analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.
Nutrien Dividend Announcement
The company 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 dividend of $0.545 per share. The ex-dividend date is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.61%. Nutrien's dividend payout ratio is currently 203.74%.
Nutrien Profile
(
Free Report)
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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