MQS Management LLC Invests $665,000 in Nutrien Ltd. (NYSE:NTR)

MQS Management LLC purchased a new stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 13,842 shares of the company's stock, valued at approximately $665,000.

Several other institutional investors have also recently made changes to their positions in NTR. CORDA Investment Management LLC. increased its stake in Nutrien by 7.0% in the 3rd quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company's stock worth $23,777,000 after acquiring an additional 32,541 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Nutrien in the second quarter worth approximately $2,639,000. Cardinal Capital Management Inc. increased its position in shares of Nutrien by 4.3% in the third quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company's stock worth $27,139,000 after purchasing an additional 23,117 shares during the last quarter. Stephens Inc. AR raised its stake in Nutrien by 335.0% in the third quarter. Stephens Inc. AR now owns 70,301 shares of the company's stock valued at $3,379,000 after purchasing an additional 54,138 shares in the last quarter. Finally, Royal Fund Management LLC lifted its position in Nutrien by 88.6% during the third quarter. Royal Fund Management LLC now owns 30,722 shares of the company's stock valued at $1,477,000 after purchasing an additional 14,434 shares during the last quarter. Institutional investors own 63.10% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on NTR shares. Scotiabank lowered their price objective on shares of Nutrien from $66.00 to $59.00 and set a "sector outperform" rating on the stock in a research report on Monday, August 12th. TD Securities lowered their price target on Nutrien from $63.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday. Hsbc Global Res cut Nutrien from a "hold" rating to a "moderate sell" rating in a report on Friday, August 2nd. Royal Bank of Canada reissued an "outperform" rating and set a $60.00 price objective on shares of Nutrien in a report on Friday, September 20th. Finally, The Goldman Sachs Group lowered Nutrien from a "buy" rating to a "neutral" rating and cut their target price for the stock from $69.00 to $53.00 in a research note on Tuesday, September 10th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $60.33.

Nutrien Trading Down 0.4 %

Shares of Nutrien stock traded down $0.18 during midday trading on Wednesday, reaching $46.81. 1,799,815 shares of the company's stock traded hands, compared to its average volume of 1,960,061. The company has a market cap of $23.12 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82. The stock has a 50 day moving average of $48.00 and a 200-day moving average of $50.53. Nutrien Ltd. has a 12 month low of $44.65 and a 12 month high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the previous year, the company earned $0.35 earnings per share. Nutrien's quarterly revenue was down 5.0% on a year-over-year basis. As a group, equities analysts expect that Nutrien Ltd. will post 3.65 EPS for the current fiscal year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a $0.939 dividend. The ex-dividend date is Tuesday, December 31st. This is an increase from Nutrien's previous quarterly dividend of $0.54. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.02%. Nutrien's dividend payout ratio is currently 144.97%.

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.