8,437 Shares in Nutrien Ltd. $NTR Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC purchased a new stake in Nutrien Ltd. (NYSE:NTR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,437 shares of the company’s stock, valued at approximately $531,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ruggaard & Associates LLC bought a new position in Nutrien during the 2nd quarter worth $331,000. Equitable Holdings Inc. acquired a new position in shares of Nutrien in the second quarter valued at about $302,000. Pacific Heights Asset Management LLC acquired a new position in shares of Nutrien in the second quarter valued at about $25,180,000. Public Employees Retirement System of Ohio bought a new position in Nutrien during the second quarter worth about $6,822,000. Finally, Parvin Asset Management LLC bought a new stake in Nutrien in the 2nd quarter valued at about $409,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Scotia raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price on the stock in a report on Tuesday, June 30th. Mizuho lowered their price objective on Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Wall Street Zen cut Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. National Bank Financial decreased their target price on shares of Nutrien from $76.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Finally, UBS Group decreased their price objective on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research note on Monday, May 11th. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.58.

Nutrien Trading Up 2.8%

Shares of NTR stock opened at $75.55 on Tuesday. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The stock’s fifty day simple moving average is $67.60 and its 200 day simple moving average is $70.60. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $36.14 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.78 and a beta of 0.61.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The business had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.44 billion. During the same period in the previous year, the firm earned $2.65 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts predict that Nutrien Ltd. will post 4.71 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien’s payout ratio is 44.53%.

Nutrien Profile

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.