NorthCrest Asset Manangement LLC Trims Holdings in Nutrien Ltd. (NYSE:NTR)

NorthCrest Asset Manangement LLC lowered its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 87.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,333 shares of the company's stock after selling 59,903 shares during the period. NorthCrest Asset Manangement LLC's holdings in Nutrien were worth $401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NTR. Central Pacific Bank Trust Division bought a new position in Nutrien in the 3rd quarter worth $28,000. Family Firm Inc. purchased a new position in Nutrien in the second quarter worth about $32,000. Trust Co. of Vermont grew its position in Nutrien by 50.0% in the second quarter. Trust Co. of Vermont now owns 900 shares of the company's stock worth $46,000 after acquiring an additional 300 shares in the last quarter. Covestor Ltd boosted its position in shares of Nutrien by 33.3% during the first quarter. Covestor Ltd now owns 932 shares of the company's stock valued at $50,000 after buying an additional 233 shares during the period. Finally, Andra AP fonden bought a new stake in shares of Nutrien during the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Trading Up 1.0 %

NYSE:NTR traded up $0.46 during mid-day trading on Monday, hitting $48.35. The company had a trading volume of 1,847,370 shares, compared to its average volume of 1,941,569. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $60.87. The firm has a market cap of $23.88 billion, a P/E ratio of 30.18, a P/E/G ratio of 1.56 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26. The business's fifty day moving average is $47.79 and its two-hundred day moving average is $50.85.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, topping analysts' consensus estimates of $2.19 by $0.15. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The business had revenue of $10.16 billion for the quarter, compared to analyst estimates of $10.82 billion. During the same quarter in the previous year, the firm posted $2.53 earnings per share. The firm's revenue for the quarter was down 12.9% on a year-over-year basis. As a group, research analysts expect that Nutrien Ltd. will post 3.85 earnings per share for the current year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 27th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend was Friday, September 27th. Nutrien's payout ratio is 135.00%.

Analyst Ratings Changes

A number of equities analysts recently commented on NTR shares. Mizuho reduced their price objective on shares of Nutrien from $55.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. Barclays lowered their price target on shares of Nutrien from $68.00 to $55.00 and set an "overweight" rating on the stock in a report on Friday, August 16th. BMO Capital Markets decreased their price objective on shares of Nutrien from $80.00 to $75.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. Wells Fargo & Company downgraded shares of Nutrien from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $62.00 to $50.00 in a report on Tuesday, September 24th. Finally, Scotiabank dropped their price target 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. Three research 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. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $60.67.

About Nutrien

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.