27,704 Shares in Nutrien Ltd. $NTR Bought by Integrated Advisors Network LLC

Integrated Advisors Network LLC bought a new position in shares of Nutrien Ltd. (NYSE:NTR) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 27,704 shares of the company’s stock, valued at approximately $2,091,000.

A number of other institutional investors have also recently added to or reduced their stakes in NTR. Ascentis Independent Advisors purchased a new position in Nutrien in the 1st quarter valued at approximately $228,000. Evolution Wealth Management Inc. purchased a new position in shares of Nutrien in the first quarter valued at $32,000. Oxbow Advisors LLC raised its stake in shares of Nutrien by 6.3% during the 1st quarter. Oxbow Advisors LLC now owns 152,059 shares of the company’s stock worth $11,474,000 after buying an additional 9,078 shares during the last quarter. Lesa Sroufe & Co boosted its position in shares of Nutrien by 1.8% in the 1st quarter. Lesa Sroufe & Co now owns 52,002 shares of the company’s stock worth $3,924,000 after buying an additional 921 shares in the last quarter. Finally, HB Wealth Management LLC boosted its position in shares of Nutrien by 12.9% in the 1st quarter. HB Wealth Management LLC now owns 4,477 shares of the company’s stock worth $337,000 after buying an additional 511 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

Nutrien stock opened at $65.33 on Wednesday. The company has a market cap of $31.31 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 0.59 and a beta of 0.62. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. The stock’s 50-day moving average is $67.85 and its 200-day moving average is $69.67.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the previous year, the business earned $0.11 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities analysts anticipate that Nutrien Ltd. will post 5.45 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

Analyst Ratings Changes

NTR has been the subject of a number of research reports. Weiss Ratings upgraded shares of Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Scotiabank raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective for the company in a research note on Tuesday, June 30th. Oppenheimer lifted their price objective on Nutrien from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company raised Nutrien from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $77.00 to $100.00 in a research note on Friday, March 13th. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.94.

About Nutrien

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.