180 Wealth Advisors LLC Sells 607 Shares of Nutrien Ltd. $NTR

180 Wealth Advisors LLC lessened its position in Nutrien Ltd. (NYSE:NTR) by 8.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,518 shares of the company’s stock after selling 607 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Nutrien were worth $380,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NTR. Harbour Investments Inc. lifted its holdings in shares of Nutrien by 94.8% in the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after acquiring an additional 348 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Nutrien in the 2nd quarter worth about $49,000. Allworth Financial LP lifted its holdings in Nutrien by 117.1% during the 1st quarter. Allworth Financial LP now owns 938 shares of the company’s stock valued at $50,000 after buying an additional 506 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Nutrien by 1,074.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock valued at $51,000 after buying an additional 935 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Nutrien during the 1st quarter valued at about $54,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Trading Up 0.6%

NYSE NTR opened at $58.18 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The company has a market capitalization of $28.18 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 0.95 and a beta of 0.82. The company’s 50-day simple moving average is $57.84 and its two-hundred day simple moving average is $57.90. Nutrien Ltd. has a one year low of $43.69 and a one year high of $65.08.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.24. The business had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.34 EPS. Equities analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 29th were given a $0.545 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.7%. Nutrien’s payout ratio is presently 78.14%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NTR shares. TD Securities lifted their price objective on shares of Nutrien from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutrien in a report on Saturday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Nutrien in a report on Monday, July 14th. UBS Group decreased their price objective on shares of Nutrien from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Finally, Zacks Research lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $62.78.

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.