3,525 Shares in Nutrien Ltd. $NTR Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. acquired a new position in shares of Nutrien Ltd. (NYSE:NTR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,525 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Harbour Investments Inc. grew its stake in shares of Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after buying an additional 348 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Nutrien during the second quarter worth $49,000. Allworth Financial LP raised its position in Nutrien by 117.1% in the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock valued at $50,000 after purchasing an additional 506 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Nutrien by 1,074.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock valued at $51,000 after purchasing an additional 935 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Nutrien in the first quarter valued at about $54,000. 63.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NTR has been the subject of several research reports. Scotiabank dropped their target price on Nutrien from $62.00 to $60.00 and set a “sector perform” rating for the company in a research report on Monday, August 11th. TD Securities increased their target price on Nutrien from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Barclays increased their target price on Nutrien from $61.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday, July 7th. Jefferies Financial Group dropped their target price on Nutrien from $61.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday, September 9th. Finally, Zacks Research downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $62.78.

Nutrien Trading Up 0.6%

NYSE NTR opened at $58.18 on Monday. The business has a 50 day simple moving average of $57.84 and a 200 day simple moving average of $57.96. Nutrien Ltd. has a one year low of $43.69 and a one year high of $65.08. The stock has a market capitalization of $28.18 billion, a P/E ratio of 20.85, a P/E/G ratio of 0.95 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.40 billion. During the same quarter last year, the firm posted $2.34 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 29th were paid a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 3.7%. Nutrien’s dividend payout ratio (DPR) is currently 78.14%.

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.