Janney Montgomery Scott LLC grew its stake in Nutrien Ltd (NYSE:NTR) by 67.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,841 shares of the company’s stock after acquiring an additional 25,610 shares during the period. Janney Montgomery Scott LLC’s holdings in Nutrien were worth $2,049,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Lindbrook Capital LLC grew its stake in Nutrien by 227.1% in the 1st quarter. Lindbrook Capital LLC now owns 736 shares of the company’s stock worth $25,000 after acquiring an additional 511 shares in the last quarter. Harwood Advisory Group LLC bought a new position in Nutrien in the 1st quarter worth about $28,000. CFM Wealth Partners LLC bought a new position in Nutrien in the 1st quarter worth about $33,000. Flagship Harbor Advisors LLC grew its stake in Nutrien by 180.7% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,064 shares of the company’s stock worth $36,000 after acquiring an additional 685 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in Nutrien in the 1st quarter worth about $39,000. Institutional investors and hedge funds own 61.87% of the company’s stock.
NYSE NTR opened at $32.59 on Friday. The company has a fifty day simple moving average of $33.71 and a two-hundred day simple moving average of $36.42. The stock has a market cap of $18.57 billion, a P/E ratio of 20.76, a P/E/G ratio of 2.53 and a beta of 0.86. Nutrien Ltd has a 12-month low of $23.85 and a 12-month high of $55.25. 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 business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th were issued a $0.45 dividend. The ex-dividend date of this dividend 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 currently 82.95%.
A number of research firms have recently issued reports on NTR. Stifel Nicolaus dropped their price objective on shares of Nutrien from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Consumer Edge downgraded shares of Nutrien from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 14th. Raymond James set a $48.00 price objective on shares of Nutrien and gave the company a “strong-buy” rating in a research note on Thursday, May 7th. Royal Bank of Canada reiterated a “buy” rating and set a $45.00 price objective on shares of Nutrien in a research note on Sunday, May 10th. Finally, Zacks Investment Research downgraded shares of Nutrien from a “hold” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $49.48.
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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