Advocate Group LLC Has $7.54 Million Stock Holdings in Nutrien Ltd. $NTR

Advocate Group LLC cut its stake in shares of Nutrien Ltd. (NYSE:NTR) by 2.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,380 shares of the company’s stock after selling 3,320 shares during the period. Nutrien makes up about 1.3% of Advocate Group LLC’s holdings, making the stock its 29th biggest position. Advocate Group LLC’s holdings in Nutrien were worth $7,535,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NTR. Harbour Investments Inc. raised its position in shares of Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after purchasing an additional 348 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in shares of Nutrien during the second quarter worth $49,000. Allworth Financial LP raised its position in shares of Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after purchasing an additional 506 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Nutrien by 1,074.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock worth $51,000 after purchasing an additional 935 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Nutrien by 4,866.7% during the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock worth $52,000 after purchasing an additional 1,022 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Stock Performance

Shares of NTR stock opened at $59.89 on Friday. 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 fifty-two week low of $43.69 and a fifty-two week high of $65.08. The stock’s 50-day moving average is $57.72 and its two-hundred day moving average is $57.30. The firm has a market cap of $29.06 billion, a P/E ratio of 21.46, a PEG ratio of 0.97 and a beta of 0.82.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. During the same period in the prior year, the firm posted $2.34 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. Analysts predict that Nutrien Ltd. will post 3.72 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 17th. Shareholders of record on Monday, September 29th will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien’s dividend payout ratio is presently 78.14%.

Analysts Set New Price Targets

Several research analysts recently weighed in on NTR shares. UBS Group dropped their price target on Nutrien from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. National Bankshares started coverage on Nutrien in a research report on Friday, September 5th. They set a “sector perform” rating and a $64.00 price target on the stock. Morgan Stanley upped their price target on Nutrien from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, June 26th. Zacks Research lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Scotiabank dropped their price target on Nutrien from $62.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.