4,393 Shares in Nutrien Ltd. (NYSE:NTR) Acquired by Caprock Group LLC

Caprock Group LLC bought a new position in Nutrien Ltd. (NYSE:NTR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,393 shares of the company’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Lester Murray Antman dba SimplyRich raised its holdings in shares of Nutrien by 2.3% in the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company’s stock worth $461,000 after purchasing an additional 202 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of Nutrien by 21.4% in the 1st quarter. Lindbrook Capital LLC now owns 1,179 shares of the company’s stock worth $64,000 after purchasing an additional 208 shares in the last quarter. Moody National Bank Trust Division raised its holdings in shares of Nutrien by 1.7% in the 1st quarter. Moody National Bank Trust Division now owns 12,582 shares of the company’s stock worth $683,000 after purchasing an additional 208 shares in the last quarter. FFT Wealth Management LLC raised its holdings in shares of Nutrien by 0.8% in the 2nd quarter. FFT Wealth Management LLC now owns 29,220 shares of the company’s stock worth $1,488,000 after purchasing an additional 220 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of Nutrien by 33.3% in the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after purchasing an additional 233 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Performance

NYSE:NTR opened at $46.74 on Friday. Nutrien Ltd. has a 1 year low of $44.65 and a 1 year high of $65.00. The firm’s fifty day simple moving average is $48.20 and its 200 day simple moving average is $52.04. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $23.12 billion, a PE ratio of 27.33, a PEG ratio of 1.50 and a beta of 0.82.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.15. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The business had revenue of $10.16 billion for the quarter, compared to analyst estimates of $10.82 billion. During the same period last year, the business posted $2.53 EPS. Nutrien’s revenue was down 12.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Nutrien Ltd. will post 3.81 EPS for the current year.

Nutrien Dividend Announcement

The business also recently declared 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 is Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 4.62%. Nutrien’s dividend payout ratio is 126.32%.

Wall Street Analysts Forecast Growth

NTR has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price target on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. HSBC lowered shares of Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Mizuho cut their price target on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Barclays cut their price target on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. Finally, The Goldman Sachs Group lowered shares of Nutrien from a “buy” rating to a “neutral” rating and cut their price target for the company from $69.00 to $53.00 in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.39.

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.