Pathway Financial Advisers LLC Grows Position in Nutrien Ltd. (NYSE:NTR)

Pathway Financial Advisers LLC increased its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 2.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,804 shares of the company’s stock after purchasing an additional 758 shares during the period. Pathway Financial Advisers LLC’s holdings in Nutrien were worth $1,413,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Family Firm Inc. bought a new position in shares of Nutrien in the 2nd quarter worth $32,000. GoalVest Advisory LLC acquired a new stake in Nutrien in the first quarter valued at approximately $35,000. Trust Co. of Vermont boosted its stake in Nutrien by 50.0% in the second quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock valued at $46,000 after acquiring an additional 300 shares in the last quarter. Covestor Ltd grew its holdings in Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after purchasing an additional 233 shares during the last quarter. Finally, Andra AP fonden acquired a new position in shares of Nutrien during the second quarter worth $51,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE:NTR opened at $48.05 on Tuesday. The company has a market cap of $23.78 billion, a P/E ratio of 28.10, a P/E/G ratio of 1.56 and a beta of 0.82. Nutrien Ltd. has a twelve month low of $44.65 and a twelve month high of $62.53. The company’s 50-day moving average price is $47.65 and its 200-day moving average price is $51.63. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37.

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

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors 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 4.50%. Nutrien’s payout ratio is 126.32%.

Analyst Ratings Changes

Several research analysts recently weighed in on NTR shares. TD Securities dropped their target price on Nutrien from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. UBS Group cut their price objective on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. HSBC cut shares of Nutrien from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Hsbc Global Res lowered shares of Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada restated 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 issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $61.50.

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.