18,437 Shares in Nutrien Ltd. $NTR Acquired by Cadence Wealth Management LLC

Cadence Wealth Management LLC acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR) in the second quarter, Holdings Channel reports. The fund acquired 18,437 shares of the company’s stock, valued at approximately $1,161,000. Nutrien accounts for 0.5% of Cadence Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in NTR. Montag A & Associates Inc. lifted its stake in Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 320 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Nutrien by 1,014.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock worth $30,000 after acquiring an additional 436 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Nutrien during the second quarter worth about $30,000. Evolution Wealth Management Inc. bought a new position in shares of Nutrien during the first quarter worth about $32,000. Finally, Allied Private Wealth LLC acquired a new stake in shares of Nutrien in the 2nd quarter worth about $33,000. 63.10% of the stock is currently owned by institutional investors.

Nutrien Price Performance

Shares of NYSE NTR opened at $75.36 on Friday. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36. The firm’s 50-day simple moving average is $66.42 and its 200 day simple moving average is $70.42. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.36. The stock has a market cap of $36.05 billion, a P/E ratio of 15.26, a P/E/G ratio of 0.75 and a beta of 0.61.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). The company had revenue of $10.81 billion during the quarter, compared to analyst estimates of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.65 EPS. Equities analysts expect that Nutrien Ltd. will post 4.95 EPS for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 29th. Nutrien’s payout ratio is 44.53%.

Analyst Ratings Changes

A number of research firms have issued reports on NTR. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Nutrien in a research note on Monday, August 10th. Mizuho dropped their price target on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. BNP Paribas Exane raised Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Tuesday, July 28th. Berenberg Bank set a $65.00 price objective on Nutrien and gave the stock a “hold” rating in a research report on Wednesday, June 10th. Finally, National Bank Financial decreased their price objective on Nutrien from $76.00 to $74.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Seventeen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.58.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.