Nutrien Ltd. (NYSE:NTR) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 44.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,042 shares of the company’s stock after selling 78,657 shares during the period. Sei Investments Co.’s holdings in Nutrien were worth $4,940,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTR. Parallel Advisors LLC boosted its stake in shares of Nutrien by 41.0% during the 4th quarter. Parallel Advisors LLC now owns 1,049 shares of the company’s stock valued at $59,000 after buying an additional 305 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in Nutrien during the 4th quarter worth $217,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Nutrien in the 4th quarter worth about $563,000. Jones Financial Companies Lllp raised its stake in shares of Nutrien by 117.0% in the 4th quarter. Jones Financial Companies Lllp now owns 2,999 shares of the company’s stock valued at $169,000 after purchasing an additional 1,617 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new position in shares of Nutrien during the fourth quarter worth about $245,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 2.6 %

NTR stock opened at $49.30 on Wednesday. The firm’s 50-day moving average is $47.64 and its two-hundred day moving average is $51.60. The company has a market capitalization of $24.39 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.56 and a beta of 0.82. Nutrien Ltd. has a 52 week low of $44.65 and a 52 week high of $62.53. 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 announced its earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.19 by $0.15. The firm had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The firm’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.53 earnings per share. On average, analysts forecast that Nutrien Ltd. will post 3.83 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be paid 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 is currently 126.32%.

Analyst Ratings Changes

A number of research analysts have commented on NTR shares. The Goldman Sachs Group lowered Nutrien from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $69.00 to $53.00 in a research report on Tuesday, September 10th. Mizuho decreased their price target on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a research report on Friday, September 20th. TD Securities cut their target price on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Finally, Barclays lowered their target price on Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Nutrien presently has a consensus rating of “Hold” and a consensus price target of $61.50.

Nutrien Company 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.