Nutrien Ltd. (NYSE:NTR) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its holdings in shares of Nutrien Ltd. (NYSE:NTR – Get Rating) by 10.2% in the third quarter, Holdings Channel.com reports. The firm owned 32,305 shares of the company’s stock after selling 3,674 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Nutrien were worth $2,694,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Ambassador Advisors LLC lifted its holdings in Nutrien by 37.8% during the 3rd quarter. Ambassador Advisors LLC now owns 40,313 shares of the company’s stock worth $3,361,000 after buying an additional 11,063 shares during the last quarter. SevenOneSeven Capital Management lifted its holdings in Nutrien by 9.2% during the 3rd quarter. SevenOneSeven Capital Management now owns 3,018 shares of the company’s stock worth $252,000 after buying an additional 253 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in Nutrien by 19.8% during the 3rd quarter. CENTRAL TRUST Co now owns 3,623 shares of the company’s stock worth $302,000 after buying an additional 600 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in Nutrien by 14.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,373 shares of the company’s stock worth $863,000 after buying an additional 1,306 shares during the last quarter. Finally, Alpha Paradigm Partners LLC bought a new position in Nutrien during the 3rd quarter worth approximately $564,000. Institutional investors and hedge funds own 64.52% of the company’s stock.

Nutrien Stock Up 0.0 %

Shares of NTR stock opened at $72.71 on Friday. Nutrien Ltd. has a 1 year low of $68.82 and a 1 year high of $117.25. The stock has a market cap of $36.30 billion, a PE ratio of 5.16, a price-to-earnings-growth ratio of 1.01 and a beta of 0.90. The business’s fifty day moving average is $78.13 and its 200-day moving average is $80.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.61 and a current ratio of 1.14.

Nutrien (NYSE:NTR – Get Rating) last issued its earnings results on Wednesday, February 15th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.63 by ($0.61). The company had revenue of $7.53 billion during the quarter, compared to analyst estimates of $7.41 billion. Nutrien had a return on equity of 27.65% and a net margin of 20.22%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.47 earnings per share. Equities analysts expect that Nutrien Ltd. will post 9.43 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Friday, March 31st will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.92%. This is a boost from Nutrien’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, March 30th. Nutrien’s payout ratio is presently 13.63%.

Analysts Set New Price Targets

Several brokerages recently issued reports on NTR. Citigroup cut their price target on Nutrien from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, January 20th. Mizuho cut their price target on Nutrien from $93.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, January 12th. TD Securities cut their price target on Nutrien from $91.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, February 17th. JPMorgan Chase & Co. set a $92.00 price target on Nutrien in a report on Friday, February 17th. Finally, Credit Suisse Group set a $70.00 price target on Nutrien and gave the stock an “underperform” rating in a report on Thursday, February 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Nutrien presently has an average rating of “Hold” and an average target price of $94.18.

About Nutrien

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Nutrien Ltd. is a crop nutrient company, which engages in the production and distribution of products for agricultural, industrial, and feed customer. It operates through the following segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seed, and merchandise.