BKA Wealth Consulting Inc. Buys New Holdings in Nutrien Ltd. (NYSE:NTR)

BKA Wealth Consulting Inc. bought a new stake in Nutrien Ltd. (NYSE:NTR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,515 shares of the company’s stock, valued at approximately $311,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Financial Group LLC acquired a new stake in Nutrien during the third quarter worth approximately $28,000. GHP Investment Advisors Inc. purchased a new position in shares of Nutrien during the third quarter worth approximately $27,000. Exchange Traded Concepts LLC grew its position in shares of Nutrien by 904.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock worth $42,000 after acquiring an additional 678 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Nutrien during the third quarter worth approximately $58,000. Finally, Andra AP fonden purchased a new position in shares of Nutrien during the third quarter worth approximately $62,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Raymond James lowered shares of Nutrien from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $80.00 to $65.00 in a research report on Friday, January 12th. Wells Fargo & Company lowered their price objective on shares of Nutrien from $77.00 to $69.00 and set an “overweight” rating on the stock in a research report on Monday, February 26th. BMO Capital Markets lowered their price objective on shares of Nutrien from $86.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, January 25th. Wolfe Research assumed coverage on shares of Nutrien in a research report on Friday, March 1st. They issued an “outperform” rating and a $66.00 price objective on the stock. Finally, Jefferies Financial Group began coverage on shares of Nutrien in a research report on Tuesday, March 26th. They issued a “buy” rating and a $62.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $67.95.

Nutrien Stock Down 1.4 %

Shares of NTR traded down $0.75 during trading on Thursday, reaching $51.54. The company’s stock had a trading volume of 301,594 shares, compared to its average volume of 1,981,166. The company has a fifty day moving average of $53.17 and a two-hundred day moving average of $54.16. Nutrien Ltd. has a twelve month low of $47.90 and a twelve month high of $70.07. The company has a market cap of $25.49 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.95 and a beta of 0.89. The company has a quick ratio of 0.65, a current ratio of 1.17 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.35). The firm had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.36 billion. Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The business’s revenue was down 24.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.02 earnings per share. On average, sell-side analysts predict that Nutrien Ltd. will post 3.82 EPS for the current fiscal year.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a dividend of $0.54 per share. This is a boost from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend was Wednesday, March 27th. Nutrien’s payout ratio is currently 85.38%.

Nutrien Company 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.