3,249 Shares in Nutrien Ltd. (NYSE:NTR) Bought by NBC Securities Inc.

NBC Securities Inc. acquired a new position in shares of Nutrien Ltd. (NYSE:NTR) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,249 shares of the company’s stock, valued at approximately $161,000.

A number of other hedge funds have also recently made changes to their positions in NTR. Bleakley Financial Group LLC lifted its stake in shares of Nutrien by 5.4% during the 4th quarter. Bleakley Financial Group LLC now owns 16,776 shares of the company’s stock worth $751,000 after purchasing an additional 855 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Nutrien in the fourth quarter valued at about $210,000. Wilmington Savings Fund Society FSB raised its stake in Nutrien by 15.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 53,540 shares of the company’s stock valued at $2,396,000 after buying an additional 6,988 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Nutrien by 71.7% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 74,055 shares of the company’s stock valued at $3,314,000 after buying an additional 30,925 shares during the last quarter. Finally, Four Tree Island Advisory LLC purchased a new stake in Nutrien in the fourth quarter valued at about $520,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Stock Up 1.2%

Nutrien stock opened at $60.48 on Tuesday. The firm has a market cap of $29.50 billion, a price-to-earnings ratio of 44.15, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.92. The business’s 50-day moving average price is $55.34 and its 200 day moving average price is $51.63. 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 (NYSE:NTR) last posted its earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). The company 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%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the business earned $0.46 earnings per share. As a group, sell-side analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.60%. The ex-dividend date is Monday, June 30th. Nutrien’s payout ratio is currently 203.74%.

Analysts Set New Price Targets

A number of research firms have commented on NTR. 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 research note on Monday, May 12th. Mizuho increased their price target on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Bank of America increased their price target on Nutrien from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, May 14th. CIBC increased their price target on Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research note on Tuesday, February 25th. Finally, Barclays increased their price target on Nutrien from $59.00 to $61.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $61.44.

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.