Gateway Investment Advisers LLC Cuts Holdings in Nutrien Ltd. (NYSE:NTR)

Gateway Investment Advisers LLC trimmed its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 33.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,965 shares of the company's stock after selling 22,466 shares during the quarter. Gateway Investment Advisers LLC's holdings in Nutrien were worth $2,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in NTR. PNC Financial Services Group Inc. boosted its position in shares of Nutrien by 11.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 13,900 shares of the company's stock valued at $858,000 after purchasing an additional 1,381 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of Nutrien by 23.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 13,927 shares of the company's stock valued at $860,000 after purchasing an additional 2,616 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Nutrien in the third quarter worth approximately $417,000. Envestnet Asset Management Inc. boosted its holdings in Nutrien by 32.0% in the third quarter. Envestnet Asset Management Inc. now owns 322,365 shares of the company's stock worth $19,935,000 after acquiring an additional 78,203 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Nutrien by 8.9% in the third quarter. Invesco Ltd. now owns 443,983 shares of the company's stock worth $27,420,000 after acquiring an additional 36,391 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Performance

Shares of Nutrien stock traded down $0.52 during trading hours on Tuesday, reaching $52.13. The company had a trading volume of 1,723,926 shares, compared to its average volume of 1,882,578. Nutrien Ltd. has a one year low of $47.90 and a one year high of $69.12. The business has a fifty day simple moving average of $54.93 and a 200 day simple moving average of $53.77. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 0.53. The firm has a market cap of $25.79 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 1.65 and a beta of 0.87.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.11. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. The firm had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.38 billion. On average, analysts anticipate that Nutrien Ltd. will post 3.9 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 28th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Friday, June 28th. Nutrien's dividend payout ratio is 126.32%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NTR shares. Wolfe Research started coverage on Nutrien in a report on Friday, March 1st. They issued an "outperform" rating and a $66.00 price target on the stock. Jefferies Financial Group began coverage on Nutrien in a research note on Tuesday, March 26th. They issued a "buy" rating and a $62.00 price objective for the company. Scotiabank decreased their price target on Nutrien from $67.00 to $66.00 and set an "outperform" rating for the company in a research report on Monday, May 13th. Wells Fargo & Company increased their price target on Nutrien from $67.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday, May 10th. Finally, Piper Sandler decreased their price target on Nutrien from $56.00 to $55.00 and set an "underweight" rating for the company in a research report on Tuesday, June 11th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $66.28.

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.