CenterBook Partners LP Sells 226,712 Shares of Nutrien Ltd. (NYSE:NTR)

CenterBook Partners LP cut its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 73.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,257 shares of the company's stock after selling 226,712 shares during the period. CenterBook Partners LP's holdings in Nutrien were worth $3,636,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Covea Finance boosted its position in Nutrien by 21.9% during the 4th quarter. Covea Finance now owns 55,600 shares of the company's stock worth $2,485,000 after acquiring an additional 10,000 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Nutrien by 12.2% during the third quarter. Wellington Management Group LLP now owns 1,396,887 shares of the company's stock worth $67,200,000 after purchasing an additional 151,596 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Nutrien by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,886,376 shares of the company's stock worth $84,367,000 after purchasing an additional 144,025 shares during the period. Van ECK Associates Corp grew its position in Nutrien by 5.7% during the fourth quarter. Van ECK Associates Corp now owns 1,480,870 shares of the company's stock valued at $66,264,000 after purchasing an additional 80,382 shares in the last quarter. Finally, Secured Retirement Advisors LLC acquired a new position in Nutrien in the 4th quarter valued at approximately $654,000. Institutional investors and hedge funds own 63.10% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NTR. CIBC lifted their price objective on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research report on Tuesday, February 25th. Barclays boosted their price target on Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $60.00 price objective on shares of Nutrien in a research report on Monday, February 24th. Wells Fargo & Company boosted their target price on shares of Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Finally, Scotiabank raised their price target on shares of Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Nutrien currently has an average rating of "Moderate Buy" and an average price target of $60.00.

Nutrien Price Performance

Shares of NTR traded up $0.99 during mid-day trading on Monday, reaching $52.15. The company had a trading volume of 1,959,154 shares, compared to its average volume of 2,068,070. The company's 50-day moving average is $50.74 and its 200-day moving average is $49.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The company has a market capitalization of $25.49 billion, a P/E ratio of 38.07, a P/E/G ratio of 1.19 and a beta of 0.77. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. On average, equities analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Monday, March 31st. Nutrien's dividend payout ratio (DPR) is currently 159.12%.

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.