GoalVest Advisory LLC Purchases New Holdings in Nutrien Ltd. (NYSE:NTR)

GoalVest Advisory LLC purchased a new stake in Nutrien Ltd. (NYSE:NTR) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 647 shares of the company’s stock, valued at approximately $35,000.

Several other institutional investors have also made changes to their positions in NTR. Exchange Traded Concepts LLC boosted its stake in shares of Nutrien by 904.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after buying an additional 678 shares during the period. Evolution Advisers Inc. bought a new stake in shares of Nutrien in the fourth quarter valued at approximately $49,000. CVA Family Office LLC bought a new stake in shares of Nutrien in the fourth quarter valued at approximately $57,000. Parallel Advisors LLC boosted its stake in shares of Nutrien by 41.0% in the fourth quarter. Parallel Advisors LLC now owns 1,049 shares of the company’s stock valued at $59,000 after buying an additional 305 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Nutrien during the fourth quarter valued at approximately $61,000. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Performance

NYSE NTR opened at $51.98 on Friday. The company has a market capitalization of $25.71 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 1.70 and a beta of 0.87. Nutrien Ltd. has a twelve month low of $47.90 and a twelve month high of $69.12. The stock has a fifty day simple moving average of $54.94 and a 200 day simple moving average of $53.76. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 0.36.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. The business had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.38 billion. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. Sell-side analysts expect that Nutrien Ltd. will post 3.84 EPS for the current year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 28th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 4.16%. Nutrien’s dividend payout ratio (DPR) is currently 126.32%.

Analyst Upgrades and Downgrades

Several research analysts have commented on NTR shares. Piper Sandler lowered their price objective on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a research report on Tuesday, June 11th. Jefferies Financial Group started coverage on shares of Nutrien in a research report on Tuesday, March 26th. They set a “buy” rating and a $62.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Nutrien from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Mizuho boosted their price objective on shares of Nutrien from $54.00 to $56.00 and gave the company an “underweight” rating in a research report on Friday, May 17th. Finally, Berenberg Bank upgraded shares of Nutrien from a “hold” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $66.00 in a research report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Nutrien has a consensus rating of “Hold” and a consensus price target of $66.28.

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.