B. Riley Wealth Advisors Inc. Acquires New Stake in Nutrien Ltd. (NYSE:NTR)

B. Riley Wealth Advisors Inc. bought a new position in Nutrien Ltd. (NYSE:NTR) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,246 shares of the company’s stock, valued at approximately $2,186,000.

A number of other hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC raised its holdings in shares of Nutrien by 21.4% during the first quarter. Lindbrook Capital LLC now owns 1,179 shares of the company’s stock valued at $64,000 after acquiring an additional 208 shares during the period. Moody National Bank Trust Division lifted its holdings in shares of Nutrien by 1.7% during the first quarter. Moody National Bank Trust Division now owns 12,582 shares of the company’s stock worth $683,000 after buying an additional 208 shares during the last quarter. Covestor Ltd boosted its holdings in Nutrien by 33.3% in the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after purchasing an additional 233 shares during the period. Capital Investment Counsel Inc grew its position in Nutrien by 2.8% during the fourth quarter. Capital Investment Counsel Inc now owns 8,856 shares of the company’s stock worth $501,000 after buying an additional 240 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Nutrien by 4.4% in the first quarter. Oppenheimer & Co. Inc. now owns 6,572 shares of the company’s stock valued at $357,000 after purchasing an additional 275 shares in the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTR has been the topic of a number of recent research reports. Scotiabank decreased their price objective on Nutrien from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. Royal Bank of Canada dropped their target price on shares of Nutrien from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, July 15th. Mizuho raised Nutrien from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 16th. Piper Sandler dropped their price objective on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a research report on Tuesday, June 11th. Finally, UBS Group cut their target price on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Nutrien presently has a consensus rating of “Moderate Buy” and an average target price of $65.39.

Nutrien Stock Up 0.8 %

Shares of NYSE:NTR traded up $0.42 during midday trading on Wednesday, reaching $51.17. The company had a trading volume of 1,731,606 shares, compared to its average volume of 1,874,409. Nutrien Ltd. has a 1-year low of $47.86 and a 1-year high of $69.12. The stock has a market cap of $25.31 billion, a PE ratio of 30.10, a P/E/G ratio of 1.67 and a beta of 0.83. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average price is $52.70 and its 200 day moving average price is $52.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.11. The business had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $5.38 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. Research analysts forecast that Nutrien Ltd. will post 3.78 EPS for the current fiscal year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, June 28th were issued a dividend of $0.54 per share. The ex-dividend date was Friday, June 28th. This represents a $2.16 annualized dividend and a dividend yield of 4.22%. Nutrien’s dividend payout ratio is presently 126.32%.

About Nutrien

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.