EverSource Wealth Advisors LLC Purchases 605 Shares of Nutrien Ltd. (NYSE:NTR)

EverSource Wealth Advisors LLC increased its position in Nutrien Ltd. (NYSE:NTR) by 56.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,680 shares of the company’s stock after acquiring an additional 605 shares during the period. EverSource Wealth Advisors LLC’s holdings in Nutrien were worth $86,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. 1832 Asset Management L.P. grew its position in Nutrien by 1.9% during the second quarter. 1832 Asset Management L.P. now owns 9,006,528 shares of the company’s stock valued at $458,522,000 after buying an additional 167,312 shares during the period. Ensign Peak Advisors Inc increased its stake in shares of Nutrien by 2.2% in the 2nd quarter. Ensign Peak Advisors Inc now owns 37,839 shares of the company’s stock worth $1,996,000 after purchasing an additional 800 shares in the last quarter. Promethos Capital LLC raised its holdings in Nutrien by 14.8% in the 2nd quarter. Promethos Capital LLC now owns 145,468 shares of the company’s stock worth $7,462,000 after purchasing an additional 18,714 shares during the period. Goehring & Rozencwajg Associates LLC lifted its position in Nutrien by 9.4% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 203,183 shares of the company’s stock valued at $10,344,000 after purchasing an additional 17,500 shares in the last quarter. Finally, Seven Eight Capital LP grew its holdings in Nutrien by 54.0% during the second quarter. Seven Eight Capital LP now owns 7,791 shares of the company’s stock valued at $397,000 after purchasing an additional 2,733 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Piper Sandler decreased their target price on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 11th. The Goldman Sachs Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. UBS Group dropped their target price on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Mizuho decreased their price target on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, HSBC lowered Nutrien from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Nutrien currently has a consensus rating of “Hold” and a consensus target price of $61.50.

Nutrien Trading Up 0.3 %

NTR opened at $48.25 on Friday. The firm has a market capitalization of $23.87 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82. The company’s 50 day simple moving average is $47.74 and its two-hundred day simple moving average is $51.72. Nutrien Ltd. has a 1-year low of $44.65 and a 1-year high of $63.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.15. The firm had revenue of $10.16 billion during the quarter, compared to analyst estimates of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. Nutrien’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.53 earnings per share. Analysts expect that Nutrien Ltd. will post 3.83 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Friday, September 27th. Nutrien’s dividend payout ratio (DPR) is presently 126.32%.

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.