Moran Wealth Management LLC Lowers Stock Position in Nutrien Ltd. $NTR

Moran Wealth Management LLC lowered its stake in Nutrien Ltd. (NYSE:NTR) by 4.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 17,985 shares of the company’s stock after selling 744 shares during the quarter. Moran Wealth Management LLC’s holdings in Nutrien were worth $1,046,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in NTR. GAMMA Investing LLC grew its stake in Nutrien by 4,866.7% in the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock valued at $52,000 after acquiring an additional 1,022 shares during the period. Farther Finance Advisors LLC grew its stake in Nutrien by 27.6% in the 1st quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company’s stock valued at $229,000 after acquiring an additional 1,002 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Nutrien by 184.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company’s stock valued at $608,000 after acquiring an additional 7,934 shares during the period. Exchange Traded Concepts LLC boosted its stake in Nutrien by 2,803.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 24,565 shares of the company’s stock worth $1,220,000 after purchasing an additional 23,719 shares during the last quarter. Finally, Birch Hill Investment Advisors LLC boosted its stake in Nutrien by 10.0% during the 1st quarter. Birch Hill Investment Advisors LLC now owns 12,050 shares of the company’s stock worth $599,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Up 0.1%

Shares of NTR opened at $58.08 on Thursday. The firm has a market cap of $28.18 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 0.94 and a beta of 0.82. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $65.08. The company’s 50-day moving average price is $57.72 and its 200 day moving average price is $57.42. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.24. The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. Nutrien’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 EPS. On average, sell-side analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.545 per share. The ex-dividend date is Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a yield of 3.8%. Nutrien’s dividend payout ratio is 78.14%.

Analyst Ratings Changes

Several brokerages have issued reports on NTR. Zacks Research cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. National Bank Financial initiated coverage on shares of Nutrien in a research report on Friday, September 5th. They set a “sector perform” rating on the stock. Wall Street Zen cut shares of Nutrien from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Jefferies Financial Group lowered their price target on shares of Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a research report on Tuesday, September 9th. Finally, National Bankshares initiated coverage on shares of Nutrien in a research report on Friday, September 5th. They set a “sector perform” rating and a $64.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.61.

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.