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

Aviance Capital Partners LLC raised its stake in shares of Nutrien Ltd. (NYSE:NTR) by 85.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 23,872 shares of the company’s stock after acquiring 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 modified their holdings of the company. Lester Murray Antman dba SimplyRich boosted its stake in Nutrien by 2.3% during the second quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company’s stock valued at $461,000 after buying an additional 202 shares during the last quarter. FFT Wealth Management LLC grew its holdings in shares of Nutrien by 0.8% in the second quarter. FFT Wealth Management LLC now owns 29,220 shares of the company’s stock valued at $1,488,000 after purchasing an additional 220 shares in the last quarter. Covestor Ltd grew its holdings in shares of Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after purchasing an additional 233 shares in the last quarter. MONECO Advisors LLC increased its position in Nutrien by 2.4% in the second quarter. MONECO Advisors LLC now owns 9,791 shares of the company’s stock worth $498,000 after purchasing an additional 233 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Nutrien by 6.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock valued at $207,000 after purchasing an additional 263 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Trading Down 0.1 %

Shares of NYSE NTR opened at $45.56 on Wednesday. Nutrien Ltd. has a twelve month low of $44.65 and a twelve month high of $60.87. The firm has a market cap of $22.50 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82. The business has a fifty day simple moving average of $47.98 and a two-hundred day simple moving average of $50.28. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. Analysts expect that Nutrien Ltd. will post 3.59 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This represents a $3.76 annualized dividend and a yield of 8.24%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is presently 144.97%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NTR shares. Mizuho dropped their price objective on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company cut Nutrien from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $62.00 to $50.00 in a research note on Tuesday, September 24th. TD Securities lowered their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. UBS Group downgraded Nutrien from a “buy” rating to a “neutral” rating and cut their target price for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. Finally, BMO Capital Markets lowered their price target on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Nutrien has a consensus rating of “Hold” and an average target price of $60.33.

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.