Aviance Capital Partners LLC Boosts Holdings in Nutrien Ltd. (NYSE:NTR)

Aviance Capital Partners LLC grew its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 85.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,872 shares of the company's stock after purchasing an additional 10,981 shares during the period. Aviance Capital Partners LLC's holdings in Nutrien were worth $1,147,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lester Murray Antman dba SimplyRich boosted its holdings in Nutrien by 2.3% during the second quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company's stock worth $461,000 after buying an additional 202 shares in the last quarter. FFT Wealth Management LLC grew its stake in Nutrien by 0.8% during the second quarter. FFT Wealth Management LLC now owns 29,220 shares of the company's stock worth $1,488,000 after buying an additional 220 shares during the last quarter. Covestor Ltd raised its stake in shares of Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company's stock worth $50,000 after acquiring an additional 233 shares during the last quarter. MONECO Advisors LLC increased its stake in shares of Nutrien by 2.4% in the 2nd quarter. MONECO Advisors LLC now owns 9,791 shares of the company's stock valued at $498,000 after buying an additional 233 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Nutrien by 6.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company's stock worth $207,000 after buying an additional 263 shares during the period. Institutional investors own 63.10% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NTR. Hsbc Global Res lowered Nutrien from a "hold" rating to a "moderate sell" rating in a research report on Friday, August 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $60.00 price target on shares of Nutrien in a research note on Friday, September 20th. Scotiabank dropped their price objective on shares of Nutrien from $66.00 to $59.00 and set a "sector outperform" rating for the company in a report on Monday, August 12th. UBS Group lowered shares of Nutrien from a "buy" rating to a "neutral" rating and dropped their target price for the company from $66.00 to $51.00 in a report on Thursday, October 10th. Finally, BMO Capital Markets reduced their target price on Nutrien from $80.00 to $75.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $60.33.

Nutrien Stock Performance

Nutrien stock traded up $0.34 during mid-day trading on Wednesday, reaching $45.91. The company's stock had a trading volume of 2,043,938 shares, compared to its average volume of 1,975,083. Nutrien Ltd. has a 12-month low of $44.65 and a 12-month high of $60.87. The firm's fifty day moving average price is $47.98 and its two-hundred day moving average price is $50.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The company has a market capitalization of $22.67 billion, a P/E ratio of 30.58, a PEG ratio of 1.61 and a beta of 0.82.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.35 earnings per share. Sell-side analysts predict that Nutrien Ltd. will post 3.59 EPS for the current fiscal year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a $0.939 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Nutrien's previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a yield of 8.18%. Nutrien's payout ratio is currently 144.97%.

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.