Wedbush Securities Inc. Takes $226,000 Position in Nutrien Ltd. $NTR

Wedbush Securities Inc. acquired a new stake in Nutrien Ltd. (NYSE:NTR) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,885 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NTR. Harbour Investments Inc. lifted its position in shares of Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after acquiring an additional 348 shares in the last quarter. Huntington National Bank grew its holdings in Nutrien by 72.6% during the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after buying an additional 276 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Nutrien during the second quarter valued at about $49,000. Allworth Financial LP lifted its holdings in shares of Nutrien by 117.1% in the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after buying an additional 506 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in Nutrien by 1,074.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock valued at $51,000 after acquiring an additional 935 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Bank of America restated a “neutral” rating and set a $67.00 price target on shares of Nutrien in a research report on Tuesday, October 14th. National Bank Financial began coverage on shares of Nutrien in a research report on Friday, September 5th. They set a “sector perform” rating for the company. National Bankshares started coverage on shares of Nutrien in a research report on Friday, September 5th. They set a “sector perform” rating and a $64.00 price objective on the stock. Jefferies Financial Group cut their target price on shares of Nutrien from $61.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday, September 9th. Finally, Scotiabank cut their price objective on Nutrien from $65.00 to $63.00 and set a “sector perform” rating for the company in a report on Monday. One research 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.94.

Nutrien Stock Down 2.1%

Shares of NYSE NTR opened at $58.88 on Friday. The firm’s fifty day moving average is $57.54 and its 200 day moving average is $58.36. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08. 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 company has a market cap of $28.52 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 0.92 and a beta of 0.83.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The firm had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.59 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 earnings per share. On average, equities research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Nutrien’s payout ratio is presently 58.76%.

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.