Reitz Capital Advisors LLC acquired a new position in shares of Nutrien Ltd (NYSE:NTR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,825 shares of the company’s stock, valued at approximately $91,000.
Several other hedge funds also recently made changes to their positions in the company. Atria Investments LLC bought a new stake in shares of Nutrien during the 4th quarter worth $212,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Nutrien by 10.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 71,184 shares of the company’s stock worth $3,404,000 after purchasing an additional 6,748 shares during the period. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Nutrien during the 4th quarter worth $91,000. Renaissance Technologies LLC raised its stake in shares of Nutrien by 521.8% during the 4th quarter. Renaissance Technologies LLC now owns 950,846 shares of the company’s stock worth $45,553,000 after purchasing an additional 797,936 shares during the period. Finally, Stifel Financial Corp raised its stake in shares of Nutrien by 15.8% during the 4th quarter. Stifel Financial Corp now owns 330,103 shares of the company’s stock worth $15,821,000 after purchasing an additional 44,993 shares during the period. 61.87% of the stock is owned by institutional investors.
NTR has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $45.00 target price on shares of Nutrien in a research note on Sunday, May 10th. Stifel Nicolaus decreased their price objective on Nutrien from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, May 8th. Zacks Investment Research lowered Nutrien from a “hold” rating to a “sell” rating in a report on Wednesday, May 13th. Susquehanna Bancshares decreased their price objective on Nutrien from $54.00 to $44.00 and set a “positive” rating for the company in a report on Thursday, April 9th. Finally, BMO Capital Markets lifted their price objective on Nutrien from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $49.48.
Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.08). The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.44 billion. Nutrien had a return on equity of 4.66% and a net margin of 4.49%. Nutrien’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 earnings per share. Research analysts predict that Nutrien Ltd will post 1.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be paid a $0.45 dividend. The ex-dividend date is Monday, June 29th. This represents a $1.80 annualized dividend and a yield of 5.45%. Nutrien’s payout ratio is 82.95%.
Nutrien Company Profile
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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