Creative Planning lowered its position in Nutrien Ltd (NYSE:NTR) by 6.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,883 shares of the company’s stock after selling 1,134 shares during the quarter. Creative Planning’s holdings in Nutrien were worth $510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC boosted its holdings in Nutrien by 227.1% in the first quarter. Lindbrook Capital LLC now owns 736 shares of the company’s stock valued at $25,000 after acquiring an additional 511 shares during the last quarter. Harwood Advisory Group LLC bought a new position in shares of Nutrien during the 1st quarter worth approximately $28,000. CFM Wealth Partners LLC bought a new position in shares of Nutrien during the 1st quarter worth approximately $33,000. Flagship Harbor Advisors LLC boosted its holdings in shares of Nutrien by 180.7% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,064 shares of the company’s stock worth $36,000 after buying an additional 685 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Nutrien during the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 61.87% of the company’s stock.
A number of equities analysts have issued reports on NTR shares. Raymond James set a $48.00 price target on Nutrien and gave the stock a “strong-buy” rating in a report on Thursday, May 7th. Bank of America upgraded Nutrien from an “underperform” rating to a “buy” rating in a report on Monday, July 13th. Susquehanna Bancshares cut their price target on Nutrien from $54.00 to $44.00 and set a “positive” rating on the stock in a report on Thursday, April 9th. Royal Bank of Canada restated a “buy” rating and set a $45.00 price target on shares of Nutrien in a report on Sunday, May 10th. Finally, Credit Suisse Group upped their target price on Nutrien from $41.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.48.
Shares of NTR opened at $32.59 on Friday. The company has a market cap of $18.57 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 2.53 and a beta of 0.86. The company has a current ratio of 1.07, a quick ratio of 0.59 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $33.71 and a 200-day moving average price of $36.42. Nutrien Ltd has a 12-month low of $23.85 and a 12-month high of $55.25.
Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.08). The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $3.44 billion. Nutrien had a net margin of 4.49% and a return on equity of 4.66%. The business’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. As a group, analysts predict that Nutrien Ltd will post 1.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Tuesday, June 30th were issued a dividend of $0.45 per share. The ex-dividend date was Monday, June 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.52%. Nutrien’s dividend payout ratio is 82.95%.
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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