180 Wealth Advisors LLC Cuts Stock Position in Nutrien Ltd. $NTR

180 Wealth Advisors LLC lowered its position in Nutrien Ltd. (NYSE:NTR) by 8.5% during the second quarter, Holdings Channel reports. The institutional investor owned 6,518 shares of the company’s stock after selling 607 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Nutrien were worth $380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NTR. Wealth Enhancement Advisory Services LLC grew its position in shares of Nutrien by 184.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company’s stock worth $608,000 after buying an additional 7,934 shares during the last quarter. Bessemer Group Inc. grew its position in Nutrien by 163.7% during the 1st quarter. Bessemer Group Inc. now owns 1,690 shares of the company’s stock worth $84,000 after purchasing an additional 1,049 shares during the last quarter. U S Global Investors Inc. purchased a new stake in Nutrien during the 1st quarter worth approximately $869,000. Sumitomo Mitsui Trust Group Inc. grew its position in Nutrien by 5.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 105,734 shares of the company’s stock worth $5,252,000 after purchasing an additional 5,666 shares during the last quarter. Finally, K.J. Harrison & Partners Inc grew its position in Nutrien by 5.9% during the 1st quarter. K.J. Harrison & Partners Inc now owns 36,656 shares of the company’s stock worth $1,821,000 after purchasing an additional 2,056 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 0.6%

NTR stock opened at $58.18 on Friday. The firm’s fifty day simple moving average is $57.84 and its 200-day simple moving average is $57.90. The company has a market capitalization of $28.18 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 0.95 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08.

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

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 29th were paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, September 29th. Nutrien’s payout ratio is currently 78.14%.

Analyst Upgrades and Downgrades

NTR has been the topic of several research analyst reports. TD Securities boosted their target price on shares of Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. 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 target price on the stock. UBS Group dropped their target price on shares of Nutrien from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Zacks Research downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Jefferies Financial Group dropped their target price 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. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.78.

Nutrien Company 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.