DekaBank Deutsche Girozentrale Cuts Position in Nutrien Ltd. (NYSE:NTR)

DekaBank Deutsche Girozentrale lessened its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 534,983 shares of the company's stock after selling 15,086 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.11% of Nutrien worth $25,663,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Silchester International Investors LLP lifted its position in Nutrien by 164.4% during the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company's stock valued at $513,437,000 after buying an additional 6,642,075 shares during the period. Bank of Montreal Can lifted its position in Nutrien by 15.5% during the 2nd quarter. Bank of Montreal Can now owns 13,354,385 shares of the company's stock valued at $719,668,000 after acquiring an additional 1,794,333 shares during the period. National Bank of Canada FI lifted its position in Nutrien by 34.0% during the 2nd 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. boosted its stake in Nutrien by 10.6% during the first quarter. 1832 Asset Management L.P. now owns 8,839,216 shares of the company's stock worth $480,058,000 after acquiring an additional 844,559 shares in the last quarter. Finally, Public Sector Pension Investment Board purchased a new stake in Nutrien in the second quarter worth about $38,176,000. 63.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barclays cut their price target on Nutrien from $68.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, August 16th. Royal Bank of Canada reissued an "outperform" rating and issued a $60.00 target price on shares of Nutrien in a research note on Friday, September 20th. Hsbc Global Res lowered Nutrien from a "hold" rating to a "moderate sell" rating in a research report on Friday, August 2nd. The Goldman Sachs Group downgraded shares of Nutrien from a "buy" rating to a "neutral" rating and cut their price objective for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. Finally, Mizuho reduced their target price on Nutrien from $55.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $60.67.

Nutrien Price Performance

Shares of NTR stock traded down $0.66 on Tuesday, hitting $47.70. 2,167,112 shares of the stock traded hands, compared to its average volume of 1,942,649. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. Nutrien Ltd. has a 52 week low of $44.65 and a 52 week high of $60.87. The firm has a 50 day simple moving average of $47.83 and a two-hundred day simple moving average of $50.77. The firm has a market cap of $23.56 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.56 and a beta of 0.82.

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

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 27th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend was Friday, September 27th. Nutrien's dividend payout ratio (DPR) is presently 126.32%.

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.