Sheaff Brock Investment Advisors LLC Buys New Holdings in Nutrien Ltd. (NYSE:NTR)

Sheaff Brock Investment Advisors LLC bought a new stake in Nutrien Ltd. (NYSE:NTRGet Rating) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 2,012 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hardy Reed LLC acquired a new stake in Nutrien in the first quarter valued at approximately $27,000. Retirement Planning Co of New England Inc. acquired a new stake in Nutrien in the fourth quarter valued at approximately $28,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in Nutrien during the fourth quarter worth approximately $31,000. Northern Oak Wealth Management Inc. raised its holdings in Nutrien by 57.4% during the fourth quarter. Northern Oak Wealth Management Inc. now owns 417 shares of the company’s stock worth $31,000 after purchasing an additional 152 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its holdings in Nutrien by 84.9% during the fourth quarter. Catalyst Capital Advisors LLC now owns 429 shares of the company’s stock worth $32,000 after purchasing an additional 197 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

Nutrien Stock Performance

NYSE:NTR opened at $83.80 on Friday. The firm’s fifty day moving average price is $82.97 and its 200 day moving average price is $89.53. Nutrien Ltd. has a 1-year low of $57.45 and a 1-year high of $117.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 0.53. The firm has a market cap of $45.45 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 0.61 and a beta of 0.93.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.48 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.92 dividend on an annualized basis and a yield of 2.29%. Nutrien’s dividend payout ratio (DPR) is 15.53%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NTR. Credit Suisse Group raised their price objective on shares of Nutrien from $67.00 to $70.00 and gave the stock an “underperform” rating in a report on Thursday. Mizuho raised their price objective on shares of Nutrien from $94.00 to $124.00 in a report on Friday, April 29th. began coverage on shares of Nutrien in a report on Thursday, April 14th. They set a “buy” rating on the stock. Raymond James raised their price objective on shares of Nutrien from $105.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, May 4th. Finally, Royal Bank of Canada set a $135.00 price objective on shares of Nutrien in a report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Nutrien presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.72.

Nutrien Profile

(Get Rating)

Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

Further Reading

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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