Probity Advisors Inc. Has $1.81 Million Position in Nutrien Ltd. $NTR

Probity Advisors Inc. increased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 9.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,118 shares of the company’s stock after purchasing an additional 2,599 shares during the quarter. Probity Advisors Inc.’s holdings in Nutrien were worth $1,812,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Nutrien by 184.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company’s stock worth $608,000 after purchasing an additional 7,934 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Nutrien by 284.0% during the first quarter. Intech Investment Management LLC now owns 69,128 shares of the company’s stock worth $3,430,000 after purchasing an additional 51,126 shares during the period. Covea Finance boosted its holdings in shares of Nutrien by 16.5% during the second quarter. Covea Finance now owns 73,500 shares of the company’s stock worth $4,265,000 after purchasing an additional 10,400 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Nutrien during the first quarter worth approximately $311,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Nutrien by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 736,996 shares of the company’s stock worth $36,607,000 after purchasing an additional 7,194 shares during the period. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTR has been the subject of several research reports. UBS Group decreased their price target on shares of Nutrien from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Barclays lifted their target price on shares of Nutrien from $61.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, July 7th. Wall Street Zen cut shares of Nutrien from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. National Bankshares began coverage on shares of Nutrien in a research note on Friday, September 5th. They issued a “sector perform” rating and a $64.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nutrien in a research note on Wednesday, October 8th. 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.78.

Nutrien Trading Up 0.3%

NYSE:NTR opened at $57.58 on Tuesday. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08. The firm has a market cap of $27.94 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 0.94 and a beta of 0.82. 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’s 50 day moving average is $57.80 and its 200-day moving average is $57.69.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.24. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. During the same quarter last year, the firm posted $2.34 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 29th were given a $0.545 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.8%. Nutrien’s dividend payout ratio (DPR) is currently 78.14%.

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.