Pekin Hardy Strauss Inc. Sells 29,848 Shares of Nutrien Ltd. (NYSE:NTR)

Pekin Hardy Strauss Inc. lowered its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 85.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,088 shares of the company's stock after selling 29,848 shares during the quarter. Pekin Hardy Strauss Inc.'s holdings in Nutrien were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Central Pacific Bank Trust Division purchased a new position in Nutrien during the 3rd quarter valued at about $28,000. Family Firm Inc. purchased a new position in Nutrien during the 2nd quarter valued at about $32,000. Trust Co. of Vermont grew its stake in Nutrien by 50.0% during the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company's stock valued at $46,000 after acquiring an additional 300 shares in the last quarter. Andra AP fonden purchased a new position in Nutrien during the 2nd quarter valued at about $51,000. Finally, Oakworth Capital Inc. purchased a new position in Nutrien during the 2nd quarter valued at about $52,000. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Stock Down 2.0 %

Shares of NYSE NTR traded down $0.92 during mid-day trading on Tuesday, reaching $45.88. 1,750,051 shares of the company's stock were exchanged, compared to its average volume of 1,970,386. The firm has a market capitalization of $22.66 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 1.65 and a beta of 0.82. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $48.01 and a 200 day simple moving average of $50.03. 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 quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The company's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. As a group, equities analysts expect that Nutrien Ltd. will post 3.56 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. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.939 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.19%. This is a positive change from Nutrien's previous quarterly dividend of $0.54. Nutrien's dividend payout ratio (DPR) is currently 144.97%.

Analyst Ratings Changes

Several equities analysts have weighed in on NTR shares. Wells Fargo & Company cut Nutrien from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $62.00 to $50.00 in a research note on Tuesday, September 24th. Mizuho lowered their price target on Nutrien from $55.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. HSBC cut Nutrien from a "hold" rating to a "reduce" rating in a research note on Friday, August 2nd. Scotiabank lowered their price target on Nutrien from $66.00 to $59.00 and set a "sector outperform" rating for the company in a research note on Monday, August 12th. Finally, Hsbc Global Res cut Nutrien from a "hold" rating to a "moderate sell" rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $60.33.

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.