Crossmark Global Holdings Inc. Sells 19,627 Shares of Nutrien Ltd. (NYSE:NTR)

Crossmark Global Holdings Inc. decreased its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 11.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,567 shares of the company's stock after selling 19,627 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Nutrien were worth $7,237,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Silchester International Investors LLP raised its position in Nutrien by 164.4% in the 3rd quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company's stock valued at $513,437,000 after purchasing an additional 6,642,075 shares during the last quarter. Bank of Montreal Can increased its holdings in Nutrien by 15.5% in the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company's stock valued at $719,668,000 after purchasing an additional 1,794,333 shares during the last quarter. National Bank of Canada FI grew its stake in Nutrien by 34.0% in the second quarter. National Bank of Canada FI now owns 4,066,629 shares of the company's stock valued at $205,385,000 after acquiring an additional 1,032,763 shares during the period. 1832 Asset Management L.P. grew its stake in Nutrien by 10.6% in the first quarter. 1832 Asset Management L.P. now owns 8,839,216 shares of the company's stock valued at $480,058,000 after acquiring an additional 844,559 shares during the period. Finally, Public Sector Pension Investment Board acquired a new position in Nutrien in the second quarter valued at about $38,176,000. Institutional investors and hedge funds own 63.10% of the company's stock.

Wall Street Analyst Weigh In

NTR has been the subject of several recent research reports. Barclays reduced their price objective on Nutrien from $68.00 to $55.00 and set an "overweight" rating for the company in a research report on Friday, August 16th. Hsbc Global Res lowered Nutrien from a "hold" rating to a "moderate sell" rating in a research note on Friday, August 2nd. BMO Capital Markets lowered their target price on Nutrien from $80.00 to $75.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. Scotiabank reduced their price target on Nutrien from $66.00 to $59.00 and set a "sector outperform" rating on the stock in a research report on Monday, August 12th. Finally, Wells Fargo & Company downgraded Nutrien from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $62.00 to $50.00 in a research report on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $60.44.

Nutrien Stock Up 1.1 %

NTR stock traded up $0.51 during trading on Monday, reaching $48.83. 3,369,008 shares of the stock were exchanged, compared to its average volume of 1,958,225. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The firm's 50 day moving average is $47.98 and its 200 day moving average is $50.59. The firm has a market cap of $24.12 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. Nutrien Ltd. has a twelve month low of $44.65 and a twelve month high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last released its earnings results 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). The business had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business's revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. As a group, research analysts forecast that Nutrien Ltd. will post 3.82 EPS for the current year.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.939 dividend. This is an increase from Nutrien's previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. This represents a $3.76 annualized dividend and a yield of 7.69%. Nutrien's dividend payout ratio is presently 144.97%.

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.