Royal Fund Management LLC Has $1.48 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Royal Fund Management LLC increased its position in Nutrien Ltd. (NYSE:NTR) by 88.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,722 shares of the company’s stock after purchasing an additional 14,434 shares during the quarter. Royal Fund Management LLC’s holdings in Nutrien were worth $1,477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of Nutrien by 8.0% in the 3rd quarter. SG Americas Securities LLC now owns 31,958 shares of the company’s stock valued at $1,536,000 after purchasing an additional 2,377 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Nutrien in the third quarter valued at approximately $28,000. Cascade Investment Advisors Inc. grew its holdings in Nutrien by 4.5% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 34,184 shares of the company’s stock worth $1,643,000 after acquiring an additional 1,465 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Nutrien during the 2nd quarter valued at $52,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Nutrien in the 2nd quarter valued at $2,184,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Piper Sandler decreased their price objective on Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a research note on Tuesday, June 11th. Wells Fargo & Company lowered Nutrien from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $62.00 to $50.00 in a research report on Tuesday, September 24th. UBS Group cut their price target on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Barclays decreased their price objective on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a research note on Friday, September 20th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $61.50.

Nutrien Stock Up 1.5 %

Shares of NYSE:NTR traded up $0.71 during mid-day trading on Wednesday, reaching $49.28. 45,639 shares of the stock were exchanged, compared to its average volume of 1,924,051. The stock’s 50 day simple moving average is $47.55 and its 200-day simple moving average is $51.47. Nutrien Ltd. has a one year low of $44.65 and a one year high of $62.53. The company has a market cap of $24.39 billion, a P/E ratio of 28.40, a P/E/G ratio of 1.63 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.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.15. The company had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The business’s quarterly revenue was down 12.9% on a year-over-year basis. During the same period last year, the business earned $2.53 EPS. As a group, equities research analysts predict that Nutrien Ltd. will post 3.83 EPS for the current year.

Nutrien Dividend Announcement

The firm 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 dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 4.38%. Nutrien’s dividend payout ratio (DPR) is presently 126.32%.

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.