United Capital Financial Advisors LLC Takes Position in Nutrien Ltd. $NTR

United Capital Financial Advisors LLC bought a new position in shares of Nutrien Ltd. (NYSE:NTR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,437 shares of the company’s stock, valued at approximately $531,000.

Other large investors also recently modified their holdings of the company. Montag A & Associates Inc. increased its stake in Nutrien by 310.7% during the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares in the last quarter. Evolution Wealth Management Inc. bought a new position in shares of Nutrien in the first quarter valued at $32,000. Global Retirement Partners LLC acquired a new position in shares of Nutrien during the second quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Nutrien by 1,014.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock valued at $30,000 after buying an additional 436 shares during the last quarter. Finally, Allied Private Wealth LLC bought a new stake in shares of Nutrien during the second quarter worth about $33,000. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Up 2.8%

Shares of NYSE:NTR opened at $75.55 on Tuesday. Nutrien Ltd. has a 1 year low of $53.03 and a 1 year high of $85.36. The company has a market capitalization of $36.14 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 0.78 and a beta of 0.61. The business has a fifty day moving average price of $67.60 and a two-hundred day moving average price of $70.60. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The business had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.65 earnings per share. Analysts forecast that Nutrien Ltd. will post 4.71 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $2.20 annualized dividend and a yield of 2.9%. Nutrien’s payout ratio is currently 44.53%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Nutrien in a report on Monday, August 10th. Raymond James Financial upgraded Nutrien from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. National Bank Financial lowered their price objective on Nutrien from $76.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Scotia upgraded Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price on the stock in a report on Tuesday, June 30th. Finally, Oppenheimer cut their target price on Nutrien from $82.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.58.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.