Nutrien Ltd. $NTR Stock Position Reduced by 1832 Asset Management L.P.

1832 Asset Management L.P. lessened its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 10.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,320,337 shares of the company’s stock after selling 998,358 shares during the period. 1832 Asset Management L.P. owned 1.71% of Nutrien worth $484,576,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NTR. JT Stratford LLC bought a new position in shares of Nutrien during the second quarter valued at approximately $227,000. Groupe la Francaise increased its position in Nutrien by 7.2% in the second quarter. Groupe la Francaise now owns 5,560 shares of the company’s stock worth $323,000 after buying an additional 375 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Nutrien by 48.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock valued at $696,058,000 after buying an additional 3,900,755 shares during the last quarter. Westerkirk Capital Inc. acquired a new position in shares of Nutrien during the second quarter valued at $1,442,000. Finally, Quantbot Technologies LP bought a new position in shares of Nutrien during the second quarter worth about $3,515,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE:NTR opened at $59.31 on Wednesday. The company has a 50-day moving average of $57.71 and a 200-day moving average of $58.45. The firm has a market cap of $28.68 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, November 5th. The company reported $0.97 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 net margin of 5.25% and a return on equity of 6.51%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. Analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.545 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.18 annualized dividend and a dividend yield of 3.7%. Nutrien’s dividend payout ratio (DPR) is currently 58.76%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NTR shares. Zacks Research downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. UBS Group cut their price target on Nutrien from $63.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Mizuho decreased their price objective on Nutrien from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Oppenheimer restated an “outperform” rating on shares of Nutrien in a research report on Wednesday, October 22nd. Finally, Wall Street Zen downgraded Nutrien from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.94.

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.