Gould Asset Management LLC CA Acquires New Holdings in Nutrien Ltd. $NTR

Gould Asset Management LLC CA acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,608 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors also recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its position in Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock valued at $35,000 after purchasing an additional 348 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Nutrien in the second quarter worth about $49,000. Allworth Financial LP boosted its holdings in Nutrien by 117.1% in the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after acquiring an additional 506 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Nutrien by 1,074.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock worth $51,000 after acquiring an additional 935 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Nutrien in the first quarter worth about $54,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Trading Up 0.3%

Nutrien stock opened at $54.48 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08. The company has a market capitalization of $26.39 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 0.92 and a beta of 0.82. The stock has a 50-day moving average price of $57.72 and a 200 day moving average price of $58.16.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.24. The firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.34 earnings per share. Sell-side analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 29th were given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 4.0%. The ex-dividend date was Monday, September 29th. Nutrien’s dividend payout ratio (DPR) is currently 78.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NTR shares. Scotiabank lowered their price target on Nutrien from $62.00 to $60.00 and set a “sector perform” rating for the company in a report on Monday, August 11th. Jefferies Financial Group lowered their price target on Nutrien from $61.00 to $60.00 and set a “hold” rating for the company in a report on Tuesday, September 9th. Barclays raised their price target on Nutrien from $61.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, July 7th. National Bank Financial started coverage on Nutrien in a report on Friday, September 5th. They issued a “sector perform” rating for the company. Finally, Wells Fargo & Company reaffirmed a “cautious” rating on shares of Nutrien in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.78.

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.