Creative Planning Acquires 473 Shares of Nutrien Ltd. (NYSE:NTR)

Creative Planning lifted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 1.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 36,524 shares of the company’s stock after purchasing an additional 473 shares during the quarter. Creative Planning’s holdings in Nutrien were worth $1,755,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in Nutrien by 58.1% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,598 shares of the company’s stock worth $125,000 after purchasing an additional 955 shares during the last quarter. Viking Fund Management LLC bought a new position in Nutrien during the 3rd quarter worth approximately $96,000. Cardinal Capital Management Inc. raised its holdings in Nutrien by 4.3% during the 3rd quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company’s stock worth $27,139,000 after purchasing an additional 23,117 shares during the last quarter. Advocate Group LLC boosted its position in Nutrien by 1.7% during the third quarter. Advocate Group LLC now owns 134,342 shares of the company’s stock valued at $6,456,000 after acquiring an additional 2,275 shares during the last quarter. Finally, CWM LLC increased its holdings in Nutrien by 30.6% in the third quarter. CWM LLC now owns 7,738 shares of the company’s stock worth $372,000 after purchasing an additional 1,815 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on NTR. The Goldman Sachs Group downgraded Nutrien from a “buy” rating to a “neutral” rating and reduced their target price for the company from $69.00 to $53.00 in a research note on Tuesday, September 10th. Mizuho dropped their target price on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. TD Securities decreased their price objective on Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Barclays dropped their target price on Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Finally, Wells Fargo & Company downgraded shares of Nutrien from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $62.00 to $50.00 in a report on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $60.67.

Nutrien Stock Up 1.0 %

Shares of NYSE NTR opened at $48.35 on Tuesday. The company has a market cap of $23.88 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 1.56 and a beta of 0.82. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average is $47.81 and its 200 day moving average is $50.81. Nutrien Ltd. has a 52 week low of $44.65 and a 52 week high of $60.87.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.15. The company had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The firm’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.53 earnings per share. On average, equities research analysts expect that Nutrien Ltd. will post 3.85 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 27th were paid a $0.54 dividend. The ex-dividend date was Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 4.47%. Nutrien’s payout ratio is 135.00%.

About Nutrien

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.