Amundi Sells 17,854 Shares of Nutrien Ltd. $NTR

Amundi decreased its position in Nutrien Ltd. (NYSE:NTR) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,542,158 shares of the company’s stock after selling 17,854 shares during the quarter. Amundi owned approximately 0.52% of Nutrien worth $146,597,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Intech Investment Management LLC boosted its stake in shares of Nutrien by 284.0% in the 1st quarter. Intech Investment Management LLC now owns 69,128 shares of the company’s stock worth $3,430,000 after buying an additional 51,126 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in Nutrien during the first quarter worth $311,000. Covea Finance lifted its holdings in Nutrien by 16.5% during the second quarter. Covea Finance now owns 73,500 shares of the company’s stock worth $4,265,000 after acquiring an additional 10,400 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Nutrien by 1.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 736,996 shares of the company’s stock worth $36,607,000 after purchasing an additional 7,194 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Nutrien by 20.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 69,551 shares of the company’s stock valued at $4,051,000 after purchasing an additional 11,704 shares during the period. 63.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NTR shares. Jefferies Financial Group lowered their target price on Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a research note on Tuesday, September 9th. TD Securities lifted their price objective on shares of Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Wells Fargo & Company started coverage on shares of Nutrien in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $64.00 target price for the company. Scotiabank decreased their price target on shares of Nutrien from $65.00 to $63.00 and set a “sector perform” rating for the company in a research note on Monday, November 10th. Finally, UBS Group dropped their price objective on Nutrien from $63.00 to $58.00 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.94.

Nutrien Price Performance

NTR stock opened at $60.32 on Monday. The firm has a 50 day moving average of $57.79 and a 200-day moving average of $58.48. The firm has a market capitalization of $29.16 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 0.69 and a beta of 0.72. Nutrien Ltd. has a 12 month low of $43.69 and a 12 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 released its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The firm had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.59 billion. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. As a group, sell-side analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, December 31st. Nutrien’s payout ratio is presently 58.76%.

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.