Oxbow Advisors LLC Has $5.74 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Oxbow Advisors LLC grew its holdings in Nutrien Ltd. (NYSE:NTR) by 68.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 119,450 shares of the company’s stock after buying an additional 48,645 shares during the quarter. Oxbow Advisors LLC’s holdings in Nutrien were worth $5,741,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Lester Murray Antman dba SimplyRich increased its stake in shares of Nutrien by 2.3% in the second quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company’s stock valued at $461,000 after buying an additional 202 shares in the last quarter. FFT Wealth Management LLC boosted its holdings in Nutrien by 0.8% in the second quarter. FFT Wealth Management LLC now owns 29,220 shares of the company’s stock valued at $1,488,000 after acquiring an additional 220 shares during the last quarter. Covestor Ltd boosted its holdings in Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after acquiring an additional 233 shares during the last quarter. MONECO Advisors LLC boosted its holdings in Nutrien by 2.4% in the second quarter. MONECO Advisors LLC now owns 9,791 shares of the company’s stock valued at $498,000 after acquiring an additional 233 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Nutrien by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock valued at $207,000 after acquiring an additional 263 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NTR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 price target on shares of Nutrien in a report on Friday, September 20th. TD Securities decreased their price target on Nutrien from $64.00 to $63.00 and set a “buy” rating on the stock in a report on Tuesday. UBS Group cut Nutrien from a “buy” rating to a “neutral” rating and decreased their price target for the company from $66.00 to $51.00 in a report on Thursday, October 10th. Mizuho decreased their price target on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, The Goldman Sachs Group cut Nutrien from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $69.00 to $53.00 in a report on Tuesday, September 10th. Three analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Hold” and an average target price of $60.44.

Nutrien Stock Performance

NTR traded down $0.62 during trading on Friday, hitting $48.32. The stock had a trading volume of 2,325,769 shares, compared to its average volume of 1,951,724. The company has a 50 day moving average price of $47.98 and a 200-day moving average price of $50.61. Nutrien Ltd. has a one year low of $44.65 and a one year high of $60.87. The firm has a market cap of $23.86 billion, a price-to-earnings ratio of 32.43, a P/E/G ratio of 1.62 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the business posted $0.35 EPS. The company’s revenue was down 5.0% on a year-over-year basis. As a group, research analysts predict that Nutrien Ltd. will post 3.82 EPS for the current year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a $0.939 dividend. The ex-dividend date is Tuesday, December 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a dividend yield of 7.77%. Nutrien’s payout ratio is presently 144.97%.

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.