Nutrien Ltd. (NYSE:NTR) Shares Acquired by Allen Wealth Management LLC

Allen Wealth Management LLC lifted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 11.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,435 shares of the company’s stock after acquiring an additional 3,022 shares during the period. Nutrien accounts for approximately 1.0% of Allen Wealth Management LLC’s investment portfolio, making the stock its 25th biggest holding. Allen Wealth Management LLC’s holdings in Nutrien were worth $1,415,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Lester Murray Antman dba SimplyRich boosted its holdings in Nutrien by 2.3% in the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company’s stock valued at $461,000 after purchasing an additional 202 shares in the last quarter. FFT Wealth Management LLC boosted its stake in shares of Nutrien by 0.8% in the second quarter. FFT Wealth Management LLC now owns 29,220 shares of the company’s stock valued at $1,488,000 after buying an additional 220 shares in the last quarter. Covestor Ltd grew its holdings in Nutrien by 33.3% during the first quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after acquiring an additional 233 shares during the period. MONECO Advisors LLC raised its position in Nutrien by 2.4% in the second quarter. MONECO Advisors LLC now owns 9,791 shares of the company’s stock worth $498,000 after acquiring an additional 233 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Nutrien by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock valued at $207,000 after acquiring an additional 263 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Trading Up 1.4 %

Shares of NTR opened at $48.36 on Friday. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $60.87. The stock has a fifty day moving average of $47.85 and a two-hundred day moving average of $50.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26. The company has a market capitalization of $23.88 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.19 by $0.15. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The firm had revenue of $10.16 billion during the quarter, compared to analyst estimates of $10.82 billion. During the same period in the prior year, the firm posted $2.53 earnings per share. The business’s quarterly revenue was down 12.9% compared to the same quarter last year. As a group, analysts forecast that Nutrien Ltd. will post 3.85 EPS for the current year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 27th were given a $0.54 dividend. The ex-dividend date was Friday, September 27th. This represents a $2.16 annualized dividend and a dividend yield of 4.47%. Nutrien’s dividend payout ratio is presently 135.00%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NTR shares. The Goldman Sachs Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $69.00 to $53.00 in a research note on Tuesday, September 10th. Barclays lowered their target price on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research report on Friday, September 20th. Scotiabank lowered their price target on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a report on Monday, August 12th. Finally, UBS Group cut Nutrien from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $66.00 to $51.00 in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Nutrien presently has an average rating of “Hold” and an average target price of $60.67.

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.