Janus Henderson Group PLC Sells 290,500 Shares of Nutrien Ltd. (NYSE:NTR)

Janus Henderson Group PLC lowered its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 50.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,745 shares of the company's stock after selling 290,500 shares during the quarter. Janus Henderson Group PLC owned 0.06% of Nutrien worth $13,670,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new position in Nutrien during the 3rd quarter worth $28,000. Family Firm Inc. bought a new stake in Nutrien in the 2nd quarter worth about $32,000. Andra AP fonden purchased a new stake in Nutrien in the 2nd quarter valued at about $51,000. Oakworth Capital Inc. bought a new position in shares of Nutrien during the 2nd quarter worth approximately $52,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Nutrien in the 2nd quarter worth approximately $52,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group downgraded Nutrien from a "buy" rating to a "neutral" rating and decreased their price target for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. The Goldman Sachs Group downgraded Nutrien from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $69.00 to $53.00 in a research report on Tuesday, September 10th. Scotiabank reduced their target price on shares of Nutrien from $66.00 to $59.00 and set a "sector outperform" rating for the company in a research note on Monday, August 12th. Wells Fargo & Company lowered Nutrien from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $62.00 to $50.00 in a research note on Tuesday, September 24th. Finally, TD Securities lowered their price target on shares of Nutrien from $63.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $60.06.

Nutrien Price Performance

Shares of Nutrien stock traded down $0.15 during trading on Friday, hitting $47.93. 1,544,052 shares of the stock traded hands, compared to its average volume of 1,993,113. The firm's fifty day moving average is $47.96 and its 200-day moving average is $49.33. The stock has a market cap of $23.67 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 1.70 and a beta of 0.80. Nutrien Ltd. has a 52 week low of $44.65 and a 52 week high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 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 for the quarter, compared to analysts' expectations of $5.26 billion. During the same period last year, the business posted $0.35 earnings per share. The company's revenue was down 5.0% compared to the same quarter last year. Research analysts expect that Nutrien Ltd. will post 3.54 EPS for the current fiscal year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.939 per share. This represents a $3.76 annualized dividend and a yield of 7.84%. This is a positive change from Nutrien's previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. 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.