StrongBox Wealth LLC Purchases New Position in Nutrien Ltd. (NYSE:NTR)

StrongBox Wealth LLC purchased a new stake in Nutrien Ltd. (NYSE:NTRGet Rating) during the second quarter, according to its most recent filing with the SEC. The firm purchased 8,798 shares of the company’s stock, valued at approximately $701,000.

Other hedge funds have also recently bought and sold shares of the company. Hardy Reed LLC acquired a new stake in shares of Nutrien in the first quarter valued at approximately $27,000. Covestor Ltd acquired a new stake in shares of Nutrien in the first quarter valued at approximately $30,000. Northern Oak Wealth Management Inc. raised its holdings in shares of Nutrien by 57.4% in the fourth quarter. Northern Oak Wealth Management Inc. now owns 417 shares of the company’s stock valued at $31,000 after purchasing an additional 152 shares during the last quarter. Zions Bancorporation N.A. raised its holdings in shares of Nutrien by 55.2% in the first quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock valued at $31,000 after purchasing an additional 107 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in shares of Nutrien in the first quarter valued at approximately $39,000. 63.51% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Performance

Shares of NTR stock traded down $3.71 on Friday, hitting $84.46. 109,330 shares of the stock were exchanged, compared to its average volume of 2,379,082. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $45.55 billion, a PE ratio of 6.82, a P/E/G ratio of 0.68 and a beta of 0.90. Nutrien Ltd. has a one year low of $63.64 and a one year high of $117.25. The firm’s 50 day moving average is $88.30 and its two-hundred day moving average is $93.12.

Nutrien (NYSE:NTRGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $5.85 earnings per share for the quarter, missing the consensus estimate of $5.90 by ($0.05). The firm had revenue of $14.51 billion for the quarter, compared to the consensus estimate of $15.36 billion. Nutrien had a return on equity of 28.14% and a net margin of 19.43%. Sell-side analysts expect that Nutrien Ltd. will post 16.35 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.48 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.92 annualized dividend and a yield of 2.27%. Nutrien’s dividend payout ratio is currently 15.53%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NTR shares. Piper Sandler raised their target price on shares of Nutrien from $112.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, May 31st. Citigroup lifted their price objective on shares of Nutrien to $102.00 in a research report on Monday, August 15th. Credit Suisse Group lifted their price objective on shares of Nutrien from $67.00 to $70.00 and gave the stock an “underperform” rating in a research report on Thursday, August 4th. Scotiabank raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and reduced their target price for the company from $118.00 to $110.00 in a research report on Tuesday, August 9th. Finally, Royal Bank of Canada set a $135.00 price target on Nutrien in a research note on Wednesday, July 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.75.

About Nutrien

(Get Rating)

Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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