Nutrien Ltd. $NTR Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. cut its stake in Nutrien Ltd. (NYSE:NTR) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,001,244 shares of the company’s stock after selling 222,293 shares during the quarter. Nutrien makes up approximately 2.0% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 24th largest position. Beutel Goodman & Co Ltd. owned approximately 1.23% of Nutrien worth $348,991,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. increased its holdings in Nutrien by 209.0% in the 2nd quarter. Baird Financial Group Inc. now owns 108,854 shares of the company’s stock worth $6,340,000 after acquiring an additional 73,631 shares in the last quarter. First Trust Advisors LP boosted its position in Nutrien by 153.8% during the second quarter. First Trust Advisors LP now owns 218,600 shares of the company’s stock worth $12,731,000 after acquiring an additional 132,467 shares during the last quarter. Trek Financial LLC purchased a new stake in Nutrien during the 2nd quarter valued at about $2,884,000. JT Stratford LLC purchased a new stake in shares of Nutrien in the second quarter valued at approximately $227,000. Finally, Groupe la Francaise increased its stake in shares of Nutrien by 7.2% in the 2nd quarter. Groupe la Francaise now owns 5,560 shares of the company’s stock worth $323,000 after acquiring an additional 375 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Price Performance

Shares of NTR opened at $60.04 on Friday. The firm has a market capitalization of $29.03 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 0.70 and a beta of 0.72. The firm’s fifty day simple moving average is $57.76 and its 200-day simple moving average is $58.48. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08. The company has a current ratio of 1.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. The firm had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 12.3% compared to the same quarter last year. Equities analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, December 31st. Nutrien’s dividend payout ratio is currently 58.76%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Oppenheimer reissued an “outperform” rating on shares of Nutrien in a research report on Wednesday, October 22nd. Jefferies Financial Group reduced their target price on shares of Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a research note on Tuesday, September 9th. Wells Fargo & Company started coverage on Nutrien in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $64.00 price target on the stock. National Bank Financial started coverage on shares of Nutrien in a research note on Friday, September 5th. They issued a “sector perform” rating on the stock. Finally, Mizuho decreased their price objective on shares of Nutrien from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Nutrien currently has an average rating of “Hold” and an average 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.