HighTower Advisors LLC Sells 2,081 Shares of Nutrien Ltd. $NTR

HighTower Advisors LLC reduced its position in shares of Nutrien Ltd. (NYSE:NTR) by 11.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,371 shares of the company’s stock after selling 2,081 shares during the period. HighTower Advisors LLC’s holdings in Nutrien were worth $763,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbour Investments Inc. grew its holdings in shares of Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after purchasing an additional 348 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after purchasing an additional 506 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Nutrien by 4,866.7% in the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock worth $52,000 after acquiring an additional 1,022 shares during the period. HM Payson & Co. acquired a new position in shares of Nutrien in the first quarter worth approximately $65,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Nutrien in the first quarter worth approximately $77,000. 63.10% of the stock is currently owned by institutional investors.

Nutrien Price Performance

Shares of NTR opened at $58.78 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. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $65.08. The business’s 50 day moving average price is $58.90 and its two-hundred day moving average price is $55.87. The firm has a market cap of $28.57 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 0.98 and a beta of 0.81.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. During the same period in the prior year, the firm earned $2.34 earnings per share. Nutrien’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

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

Analyst Ratings Changes

NTR has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on Nutrien from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 26th. Wells Fargo & Company lifted their price objective on Nutrien from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Bank of America lifted their price objective on Nutrien from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Oppenheimer lifted their price objective on Nutrien from $63.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen raised Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.65.

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.