Prospera Financial Services Inc Takes Position in Nutrien Ltd. (NYSE:NTR)

Prospera Financial Services Inc acquired a new stake in shares of Nutrien Ltd. (NYSE:NTRGet Rating) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 2,216 shares of the company’s stock, valued at approximately $231,000.

A number of other hedge funds have also recently made changes to their positions in the business. Van Strum & Towne Inc. grew its holdings in shares of Nutrien by 1.2% during the fourth quarter. Van Strum & Towne Inc. now owns 11,846 shares of the company’s stock valued at $891,000 after buying an additional 136 shares during the last quarter. Sheets Smith Investment Management grew its holdings in shares of Nutrien by 0.6% during the first quarter. Sheets Smith Investment Management now owns 23,886 shares of the company’s stock valued at $2,484,000 after buying an additional 136 shares during the last quarter. Argent Trust Co grew its holdings in shares of Nutrien by 2.2% during the fourth quarter. Argent Trust Co now owns 6,381 shares of the company’s stock valued at $480,000 after buying an additional 137 shares during the last quarter. Northern Oak Wealth Management Inc. grew its holdings in shares of Nutrien by 57.4% during the fourth quarter. Northern Oak Wealth Management Inc. now owns 417 shares of the company’s stock valued at $31,000 after buying an additional 152 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Nutrien by 3.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,973 shares of the company’s stock worth $449,000 after purchasing an additional 181 shares during the last quarter. 64.39% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Performance

NYSE NTR opened at $81.89 on Thursday. The company’s 50 day moving average is $83.47 and its 200-day moving average is $89.39. Nutrien Ltd. has a 12-month low of $57.45 and a 12-month high of $117.25. The company has a quick ratio of 0.53, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The firm has a market cap of $44.41 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 0.62 and a beta of 0.93.

Nutrien (NYSE:NTRGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.11. Nutrien had a net margin of 14.34% and a return on equity of 20.55%. The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.77 billion. Sell-side analysts predict that Nutrien Ltd. will post 16.9 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Wednesday, June 29th. Nutrien’s dividend payout ratio (DPR) is currently 24.65%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Royal Bank of Canada set a $135.00 price target on shares of Nutrien in a report on Wednesday, July 13th. TD Securities cut their price target on shares of Nutrien from $130.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, July 29th. Raymond James boosted their price target on shares of Nutrien from $105.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, May 4th. Barclays set a $126.00 price target on shares of Nutrien in a report on Monday, June 13th. Finally, Mizuho boosted their price target on shares of Nutrien from $94.00 to $124.00 in a report on Friday, April 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.56.

About Nutrien

(Get Rating)

Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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