Farther Finance Advisors LLC Purchases 1,002 Shares of Nutrien Ltd. (NYSE:NTR)

Farther Finance Advisors LLC raised its position in shares of Nutrien Ltd. (NYSE:NTR) by 27.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,627 shares of the company’s stock after purchasing an additional 1,002 shares during the quarter. Farther Finance Advisors LLC’s holdings in Nutrien were worth $229,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NTR. Rhumbline Advisers grew its stake in shares of Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock worth $331,000 after acquiring an additional 247 shares during the period. Principal Securities Inc. grew its stake in shares of Nutrien by 138.1% in the fourth quarter. Principal Securities Inc. now owns 931 shares of the company’s stock worth $42,000 after acquiring an additional 540 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of Nutrien in the fourth quarter worth approximately $210,000. Sanctuary Advisors LLC grew its stake in shares of Nutrien by 12.3% in the fourth quarter. Sanctuary Advisors LLC now owns 36,815 shares of the company’s stock worth $1,647,000 after acquiring an additional 4,028 shares during the period. Finally, Lorne Steinberg Wealth Management Inc. grew its stake in shares of Nutrien by 0.8% in the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 90,973 shares of the company’s stock worth $4,067,000 after acquiring an additional 740 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Nutrien Price Performance

NTR stock opened at $62.31 on Thursday. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $65.08. The company has a quick ratio of 0.59, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $57.22 and a two-hundred day simple moving average of $52.29. The firm has a market capitalization of $30.35 billion, a P/E ratio of 58.24, a price-to-earnings-growth ratio of 1.12 and a beta of 0.81.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter last year, the business earned $0.46 EPS. Nutrien’s revenue for the quarter was down 5.4% compared to the same quarter last year. Analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal 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 given a dividend of $0.545 per share. The ex-dividend date is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.50%. Nutrien’s dividend payout ratio (DPR) is currently 203.74%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Monday, May 12th. BNP Paribas upgraded shares of Nutrien to a “strong-buy” rating in a research report on Wednesday, April 9th. Royal Bank Of Canada upped their target price on shares of Nutrien from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, May 12th. CIBC upped their target price on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group upped their target price 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 analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Nutrien presently has an average rating of “Hold” and a consensus price target of $61.94.

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.