BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 85.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 159,117 shares of the company's stock after selling 909,213 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Nutrien were worth $7,645,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Appian Way Asset Management LP purchased a new position in Nutrien in the third quarter worth approximately $2,475,000. Portland Investment Counsel Inc. lifted its position in shares of Nutrien by 0.6% during the 3rd quarter. Portland Investment Counsel Inc. now owns 308,800 shares of the company's stock worth $14,839,000 after purchasing an additional 1,800 shares during the last quarter. De Lisle Partners LLP grew its stake in shares of Nutrien by 28.6% during the third quarter. De Lisle Partners LLP now owns 27,000 shares of the company's stock worth $1,298,000 after purchasing an additional 6,000 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Nutrien in the third quarter valued at $150,181,000. Finally, Blueshift Asset Management LLC acquired a new stake in Nutrien in the third quarter valued at $347,000. Institutional investors and hedge funds own 63.10% of the company's stock.
Wall Street Analyst Weigh In
NTR has been the topic of a number of recent analyst reports. The Goldman Sachs Group downgraded shares of Nutrien from a "buy" rating to a "neutral" rating and dropped their target price for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Nutrien in a report on Friday, September 20th. Mizuho cut their price target on shares of Nutrien from $55.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. Barclays lowered their price objective on Nutrien from $68.00 to $55.00 and set an "overweight" rating on the stock in a report on Friday, August 16th. Finally, UBS Group downgraded Nutrien from a "buy" rating to a "neutral" rating and cut their target price for the stock from $66.00 to $51.00 in a research note on Thursday, October 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $60.33.
Check Out Our Latest Stock Report on NTR
Nutrien Trading Up 2.4 %
Shares of NYSE:NTR traded up $1.10 during trading on Monday, reaching $47.76. The stock had a trading volume of 1,554,847 shares, compared to its average volume of 1,962,178. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $60.87. The stock has a market cap of $23.59 billion, a P/E ratio of 32.06, a PEG ratio of 1.64 and a beta of 0.82. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average price of $47.93 and a 200-day moving average price of $49.71.
Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same period in the previous year, the company earned $0.35 EPS. Nutrien's revenue was down 5.0% on a year-over-year basis. As a group, analysts anticipate that Nutrien Ltd. will post 3.56 earnings per share for the current fiscal year.
Nutrien Increases Dividend
The company 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 dividend of $0.939 per share. This is a boost from Nutrien's previous quarterly dividend of $0.54. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.86%. The ex-dividend date is Tuesday, December 31st. Nutrien's payout ratio is presently 144.97%.
Nutrien Company Profile
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Free Report)
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.
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