Mitchell & Pahl Private Wealth LLC Acquires 1,202 Shares of Nutrien Ltd. (NYSE:NTR)

Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 11.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,523 shares of the company’s stock after acquiring an additional 1,202 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Nutrien were worth $554,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Nutrien in the fourth quarter worth $2,726,000. Wellington Management Group LLP grew its stake in shares of Nutrien by 54.3% in the fourth quarter. Wellington Management Group LLP now owns 841,144 shares of the company’s stock worth $47,620,000 after acquiring an additional 296,122 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Nutrien in the fourth quarter worth $233,000. Vanguard Group Inc. grew its stake in shares of Nutrien by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 18,210,375 shares of the company’s stock worth $1,025,790,000 after acquiring an additional 158,161 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Nutrien by 3.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,332 shares of the company’s stock worth $807,000 after acquiring an additional 432 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NTR shares. Barclays decreased their price target on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. BMO Capital Markets decreased their price target on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Scotiabank cut their price objective on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a report on Monday, August 12th. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a report on Friday, September 20th. Finally, Wells Fargo & Company cut Nutrien from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $62.00 to $50.00 in a report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Nutrien has a consensus rating of “Hold” and a consensus target price of $60.67.

Nutrien Price Performance

Shares of NTR traded down $0.14 during trading hours on Thursday, hitting $47.86. 862,239 shares of the company were exchanged, compared to its average volume of 1,935,451. The company has a market cap of $23.68 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 1.60 and a beta of 0.82. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $61.98. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average is $47.57 and its 200 day moving average is $51.27.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.15. The business had revenue of $10.16 billion for the quarter, compared to analyst estimates of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. Nutrien’s revenue was down 12.9% compared to the same quarter last year. During the same period last year, the firm posted $2.53 earnings per share. On average, equities analysts anticipate that Nutrien Ltd. will post 3.83 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 4.51%. Nutrien’s dividend payout ratio is presently 126.32%.

Nutrien 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.