Oxbow Advisors LLC Buys 1,256 Shares of Nutrien Ltd. (NYSE:NTR)

Oxbow Advisors LLC grew its stake in shares of Nutrien Ltd. (NYSE:NTR) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,805 shares of the company’s stock after buying an additional 1,256 shares during the period. Oxbow Advisors LLC’s holdings in Nutrien were worth $3,605,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NTR. Family Firm Inc. bought a new position in shares of Nutrien in the second quarter worth approximately $32,000. GoalVest Advisory LLC bought a new position in Nutrien in the 1st quarter worth $35,000. Trust Co. of Vermont increased its stake in Nutrien by 50.0% in the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock worth $46,000 after buying an additional 300 shares in the last quarter. Covestor Ltd raised its holdings in Nutrien by 33.3% during the first quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after acquiring an additional 233 shares during the period. Finally, Oakworth Capital Inc. purchased a new position in shares of Nutrien in the second quarter valued at about $52,000. 63.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NTR. Wells Fargo & Company cut their target price on Nutrien from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. UBS Group dropped their target price on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. BMO Capital Markets reduced their price target on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Scotiabank dropped their price objective on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a report on Monday, August 12th. Finally, Hsbc Global Res cut Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Nutrien currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.78.

Nutrien Trading Down 0.4 %

NTR stock traded down $0.18 during mid-day trading on Friday, reaching $46.33. 2,093,498 shares of the stock traded hands, compared to its average volume of 1,910,366. Nutrien Ltd. has a one year low of $44.90 and a one year high of $65.00. The stock has a market capitalization of $22.92 billion, a PE ratio of 27.09, a PEG ratio of 1.61 and a beta of 0.82. 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 business has a 50-day moving average price of $48.64 and a two-hundred day moving average price of $52.26.

Nutrien (NYSE:NTR) last issued its quarterly 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. The company had revenue of $10.16 billion for the quarter, compared to the consensus estimate of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The firm’s revenue was down 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.53 EPS. Equities research analysts expect that Nutrien Ltd. will post 3.77 EPS for the current year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 27th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a dividend yield of 4.66%. Nutrien’s payout ratio is 126.32%.

About Nutrien

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.