RiverGlades Family Offices LLC Takes Position in Nutrien Ltd. $NTR

RiverGlades Family Offices LLC purchased a new stake in Nutrien Ltd. (NYSE:NTR) in the second quarter, HoldingsChannel reports. The firm purchased 4,000 shares of the company’s stock, valued at approximately $233,000.

Other large investors have also made changes to their positions in the company. Public Sector Pension Investment Board boosted its stake in Nutrien by 0.4% in the 1st quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company’s stock worth $2,349,000 after buying an additional 200 shares during the last quarter. Blume Capital Management Inc. increased its holdings in shares of Nutrien by 0.7% in the 1st quarter. Blume Capital Management Inc. now owns 31,796 shares of the company’s stock valued at $1,579,000 after acquiring an additional 220 shares during the last quarter. Murphy Pohlad Asset Management LLC boosted its position in Nutrien by 0.4% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 59,035 shares of the company’s stock valued at $3,438,000 after purchasing an additional 236 shares during the period. Weatherly Asset Management L. P. boosted its position in Nutrien by 0.7% during the 2nd quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company’s stock valued at $2,280,000 after purchasing an additional 266 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of Nutrien by 72.6% in the second quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 276 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of Nutrien stock opened at $54.56 on Tuesday. Nutrien Ltd. has a one year low of $43.69 and a one year high of $65.08. The firm has a market cap of $26.43 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 0.92 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The stock’s 50-day moving average is $57.64 and its 200-day moving average is $58.20.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.24. The firm had revenue of $10.30 billion for 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 business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.34 earnings per share. Equities analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NTR shares. Zacks Research downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Barclays increased their target price on Nutrien from $61.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, July 7th. Bank of America reiterated a “neutral” rating and issued a $67.00 price objective on shares of Nutrien in a research report on Tuesday, October 14th. Wall Street Zen downgraded Nutrien from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Scotiabank cut their price objective on Nutrien from $62.00 to $60.00 and set a “sector perform” rating for the company in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $62.78.

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.