Barings LLC Sells 32,908 Shares of Nutrien Ltd. $NTR

Barings LLC trimmed its position in Nutrien Ltd. (NYSE:NTR) by 26.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,753 shares of the company’s stock after selling 32,908 shares during the quarter. Barings LLC’s holdings in Nutrien were worth $5,460,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NTR. Harbour Investments Inc. grew its position in shares of Nutrien by 94.8% during the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after buying an additional 348 shares during the period. Huntington National Bank boosted its stake in Nutrien by 72.6% in the second quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 276 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Nutrien during the 2nd quarter worth $49,000. Caitong International Asset Management Co. Ltd raised its position in shares of 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 acquiring an additional 935 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Nutrien during the 1st quarter valued at $54,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on NTR shares. National Bankshares started coverage on Nutrien in a research report on Friday, September 5th. They issued a “sector perform” rating and a $64.00 price target on the stock. TD Securities increased their target price on Nutrien from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Wall Street Zen lowered Nutrien from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Oppenheimer reiterated an “outperform” rating on shares of Nutrien in a research report on Wednesday, October 22nd. Finally, Mizuho reduced their price objective on shares of Nutrien from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $62.94.

Nutrien Stock Up 2.1%

Shares of Nutrien stock opened at $56.24 on Friday. The company has a market capitalization of $27.19 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The business has a 50-day moving average of $57.52 and a two-hundred day moving average of $58.38. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.06. The business had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.59 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.Nutrien’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. As a group, equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, December 31st. Nutrien’s dividend payout ratio (DPR) is presently 58.76%.

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.