Qsemble Capital Management LP Sells 10,903 Shares of Nutrien Ltd. (NYSE:NTR)

Qsemble Capital Management LP reduced its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 40.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,005 shares of the company's stock after selling 10,903 shares during the period. Qsemble Capital Management LP's holdings in Nutrien were worth $769,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NTR. Central Pacific Bank Trust Division purchased a new stake in shares of Nutrien in the 3rd quarter worth about $28,000. Family Firm Inc. purchased a new position in shares of Nutrien during the second quarter valued at approximately $32,000. Trust Co. of Vermont lifted its holdings in shares of Nutrien by 50.0% during the second quarter. Trust Co. of Vermont now owns 900 shares of the company's stock valued at $46,000 after purchasing an additional 300 shares during the last quarter. Andra AP fonden bought a new stake in shares of Nutrien in the 2nd quarter worth approximately $51,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Nutrien in the 2nd quarter worth approximately $52,000. 63.10% of the stock is owned by institutional investors.

Nutrien Price Performance

NYSE:NTR traded up $0.19 on Wednesday, reaching $46.09. 1,276,155 shares of the company's stock traded hands, compared to its average volume of 1,968,421. The stock has a 50-day simple moving average of $47.97 and a 200-day simple moving average of $49.91. Nutrien Ltd. has a 12 month low of $44.65 and a 12 month high of $60.87. The firm has a market cap of $22.76 billion, a PE ratio of 30.93, a P/E/G ratio of 1.64 and a beta of 0.82. 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 issued its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same period last year, the business posted $0.35 EPS. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. Equities research analysts forecast that Nutrien Ltd. will post 3.56 earnings per share for the current year.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a $0.939 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.76 annualized dividend and a yield of 8.15%. This is a boost from Nutrien's previous quarterly dividend of $0.54. Nutrien's payout ratio is presently 144.97%.

Wall Street Analyst Weigh In

NTR has been the topic of several analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $60.00 target price on shares of Nutrien in a report on Friday, September 20th. Barclays decreased their target price on shares of Nutrien from $68.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, August 16th. Mizuho cut their price target on shares of Nutrien from $55.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. Scotiabank lowered their price objective on Nutrien from $66.00 to $59.00 and set a "sector outperform" rating on the stock in a research report on Monday, August 12th. Finally, BMO Capital Markets reduced their target price on Nutrien from $80.00 to $75.00 and set an "outperform" rating for the company in a report on Friday, August 9th. Three analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Nutrien presently has an average rating of "Hold" and an average target price of $60.33.

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.