Nutrien Ltd. $NTR Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 20.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 69,551 shares of the company’s stock after purchasing an additional 11,704 shares during the period. Advisors Asset Management Inc.’s holdings in Nutrien were worth $4,051,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NTR. Public Sector Pension Investment Board boosted its stake in shares of Nutrien by 0.4% in the first quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company’s stock valued at $2,349,000 after purchasing an additional 200 shares during the period. Murphy Pohlad Asset Management LLC lifted its holdings in Nutrien by 0.4% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 59,035 shares of the company’s stock worth $3,438,000 after buying an additional 236 shares in the last quarter. Weatherly Asset Management L. P. lifted its holdings in Nutrien by 0.7% during the 2nd quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company’s stock worth $2,280,000 after buying an additional 266 shares in the last quarter. Huntington National Bank boosted its position in Nutrien by 72.6% in the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after buying an additional 276 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Nutrien by 7.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 4,336 shares of the company’s stock worth $253,000 after acquiring an additional 294 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Trading Up 1.0%

Shares of NTR stock opened at $57.38 on Friday. The company has a market capitalization of $27.74 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $57.55 and its two-hundred day moving average is $58.40. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.91 by $0.06. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The company had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter last year, the business earned $0.39 EPS. The business’s revenue was up 12.3% on a year-over-year basis. Equities analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, December 31st. Nutrien’s dividend payout ratio (DPR) is 58.76%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wall Street Zen downgraded Nutrien from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Bank of America reaffirmed a “neutral” rating and issued a $67.00 target price on shares of Nutrien in a report on Tuesday, October 14th. Wells Fargo & Company assumed coverage on shares of Nutrien in a report on Tuesday, November 11th. They set an “equal weight” rating and a $64.00 price target for the company. Jefferies Financial Group reduced their price objective on shares of Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a report on Tuesday, September 9th. Finally, Zacks Research cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Nutrien currently has an average rating of “Hold” and a consensus target price of $62.94.

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.