Allworth Financial LP Boosts Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Allworth Financial LP boosted its position in Nutrien Ltd. (NYSE:NTR) by 117.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 938 shares of the company’s stock after buying an additional 506 shares during the quarter. Allworth Financial LP’s holdings in Nutrien were worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Nutrien by 4,866.7% in the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock worth $52,000 after buying an additional 1,022 shares during the period. Summit Securities Group LLC boosted its holdings in shares of Nutrien by 225.0% in the fourth quarter. Summit Securities Group LLC now owns 1,300 shares of the company’s stock worth $58,000 after acquiring an additional 900 shares during the period. HM Payson & Co. purchased a new position in shares of Nutrien in the first quarter valued at $65,000. Lee Danner & Bass Inc. purchased a new position in shares of Nutrien in the fourth quarter valued at $67,000. Finally, Bessemer Group Inc. raised its stake in shares of Nutrien by 163.7% during the 1st quarter. Bessemer Group Inc. now owns 1,690 shares of the company’s stock valued at $84,000 after purchasing an additional 1,049 shares during the period. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Up 2.9%

Shares of NTR opened at $60.00 on Friday. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $65.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.59. The stock has a 50 day simple moving average of $59.77 and a two-hundred day simple moving average of $54.35. The firm has a market cap of $29.22 billion, a P/E ratio of 56.08, a P/E/G ratio of 1.08 and a beta of 0.80.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The company had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same period last year, the business posted $0.46 earnings per share. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were given a $0.545 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.63%. Nutrien’s payout ratio is currently 203.74%.

Analyst Upgrades and Downgrades

NTR has been the subject of a number of recent analyst reports. BNP Paribas raised Nutrien to a “strong-buy” rating in a report on Wednesday, April 9th. Morgan Stanley boosted their price objective on shares of Nutrien from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, June 26th. TD Securities increased their target price on shares of Nutrien from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. Raymond James Financial cut 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 increased their price objective on Nutrien from $53.00 to $59.00 and gave the stock a “sell” rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.78.

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.