Nutrien Ltd. (NYSE:NTR) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in Nutrien Ltd. (NYSE:NTR) by 184.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,243 shares of the company’s stock after purchasing an additional 7,934 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Nutrien were worth $608,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Nutrien by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company’s stock valued at $885,009,000 after buying an additional 325,210 shares during the period. Dodge & Cox lifted its position in shares of Nutrien by 0.3% during the 4th quarter. Dodge & Cox now owns 12,523,259 shares of the company’s stock worth $560,416,000 after purchasing an additional 40,800 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Nutrien by 0.8% during the 4th quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company’s stock worth $426,436,000 after purchasing an additional 77,174 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Nutrien by 11.3% during the 4th quarter. Deutsche Bank AG now owns 7,105,057 shares of the company’s stock worth $317,951,000 after purchasing an additional 721,935 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Nutrien by 1.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,627,597 shares of the company’s stock worth $252,108,000 after purchasing an additional 76,085 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on NTR. Raymond James Financial lowered shares of Nutrien from an “outperform” rating to a “market perform” rating and set a $68.00 price target on the stock. in a research note on Tuesday, June 17th. Morgan Stanley boosted their price target on shares of Nutrien from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 26th. The Goldman Sachs Group boosted their price target on shares of Nutrien from $53.00 to $59.00 and gave the stock a “sell” rating in a research note on Friday, May 9th. BNP Paribas raised shares of Nutrien to a “strong-buy” rating in a report on Wednesday, April 9th. Finally, Berenberg Bank upped their price target on shares of Nutrien from $54.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.12.

Nutrien Stock Performance

Shares of NTR stock opened at $60.43 on Friday. Nutrien Ltd. has a one year low of $43.70 and a one year high of $65.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. The company has a 50 day moving average price of $58.95 and a 200 day moving average price of $53.26. The firm has a market capitalization of $29.43 billion, a price-to-earnings ratio of 56.47, a price-to-earnings-growth ratio of 1.14 and a beta of 0.80.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same period in the previous year, the company earned $0.46 EPS. Nutrien’s revenue was down 5.4% on a year-over-year basis. Sell-side analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Monday, June 30th. Nutrien’s payout ratio is currently 203.74%.

Nutrien Profile

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.