Fielder Capital Group LLC Acquires Shares of 3,999 Nutrien Ltd. $NTR

Fielder Capital Group LLC purchased a new position in shares of Nutrien Ltd. (NYSE:NTR) during the second quarter, Holdings Channel.com reports. The fund purchased 3,999 shares of the company’s stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbour Investments Inc. raised its stake in Nutrien by 94.8% during the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock valued at $35,000 after acquiring an additional 348 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Nutrien during the second quarter valued at approximately $49,000. Allworth Financial LP grew its holdings in shares of Nutrien by 117.1% in the 1st quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after acquiring an additional 506 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Nutrien by 1,074.7% in the 1st 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 purchased a new stake in Nutrien in the 1st quarter worth approximately $54,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Stock Performance

Nutrien stock opened at $58.18 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. The stock has a market capitalization of $28.18 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 0.95 and a beta of 0.82. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $65.08. The stock has a 50-day simple moving average of $57.84 and a 200 day simple moving average of $57.90.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.34 EPS. On average, research analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 29th were given a dividend of $0.545 per share. The ex-dividend date was Monday, September 29th. This represents a $2.18 annualized dividend and a dividend yield of 3.7%. Nutrien’s payout ratio is currently 78.14%.

Analyst Ratings Changes

Several equities research analysts recently commented on NTR shares. Oppenheimer reissued an “outperform” rating on shares of Nutrien in a research note on Wednesday. Wells Fargo & Company reiterated a “cautious” rating on shares of Nutrien in a report on Thursday, October 16th. Barclays boosted their price objective on shares of Nutrien from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday, July 7th. Wall Street Zen downgraded shares of Nutrien from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Finally, National Bankshares assumed coverage on Nutrien in a report on Friday, September 5th. They issued a “sector perform” rating and a $64.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $62.78.

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.