Russell Investments Group Ltd. Sells 15,133 Shares of Nutrien Ltd. (NYSE:NTR)

Russell Investments Group Ltd. trimmed its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 301,648 shares of the company's stock after selling 15,133 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of Nutrien worth $13,465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Uncommon Cents Investing LLC raised its position in shares of Nutrien by 2.1% during the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock valued at $517,000 after purchasing an additional 235 shares during the period. Rhumbline Advisers boosted its stake in shares of Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock worth $331,000 after acquiring an additional 247 shares during the period. FFT Wealth Management LLC grew its position in shares of Nutrien by 0.9% during the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock worth $1,330,000 after purchasing an additional 277 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Nutrien by 23.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after purchasing an additional 348 shares during the period. Finally, PFG Investments LLC lifted its holdings in Nutrien by 2.0% in the 4th quarter. PFG Investments LLC now owns 20,097 shares of the company's stock worth $899,000 after purchasing an additional 386 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

NTR has been the topic of several recent analyst reports. Scotiabank lifted their price objective on shares of Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a research report on Monday, February 24th. Barclays lifted their price target on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. raised shares of Nutrien from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $40.00 to $50.00 in a report on Monday, January 13th. The Goldman Sachs Group assumed coverage on Nutrien in a report on Thursday, March 13th. They issued a "sell" rating and a $53.00 target price on the stock. Finally, Piper Sandler increased their price target on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $60.00.

Nutrien Trading Up 1.9 %

Shares of NTR stock traded up $0.99 on Monday, reaching $52.15. 1,984,565 shares of the company's stock were exchanged, compared to its average volume of 2,068,171. The company's fifty day simple moving average is $50.74 and its 200 day simple moving average is $49.13. The stock has a market capitalization of $25.49 billion, a PE ratio of 38.07, a P/E/G ratio of 1.19 and a beta of 0.77. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. As a group, analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Monday, March 31st. Nutrien's dividend payout ratio is presently 159.12%.

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.