Schroder Investment Management Group Reduces Position in Nutrien Ltd. (NYSE:NTR)

Schroder Investment Management Group decreased its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 434,075 shares of the company's stock after selling 13,581 shares during the quarter. Schroder Investment Management Group owned approximately 0.09% of Nutrien worth $18,943,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of NTR. Uncommon Cents Investing LLC boosted its holdings in Nutrien by 2.1% in 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 last quarter. Rhumbline Advisers grew its position in 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 increased its stake in 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 acquiring an additional 277 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Nutrien by 23.9% in the fourth 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 stake in shares of Nutrien by 2.0% in the 4th quarter. PFG Investments LLC now owns 20,097 shares of the company's stock valued at $899,000 after purchasing an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.

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Wall Street Analyst Weigh In

NTR has been the topic of several research analyst reports. Scotiabank boosted their price objective on shares of Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a report on Monday, February 24th. The Goldman Sachs Group began coverage on shares of Nutrien in a report on Thursday, March 13th. They issued a "sell" rating and a $53.00 price objective on the stock. UBS Group increased their price objective on shares of Nutrien from $53.00 to $54.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Wells Fargo & Company upped their price target on Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Finally, CIBC lifted their price objective on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Nutrien currently has a consensus rating of "Hold" and an average price target of $60.00.

Nutrien Stock Up 0.4 %

Shares of NTR stock traded up $0.18 on Monday, reaching $47.58. 3,902,172 shares of the stock were exchanged, compared to its average volume of 2,043,798. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $23.26 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 1.19 and a beta of 0.77. The business's 50 day moving average price is $51.20 and its 200 day moving average price is $49.11.

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

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien's payout ratio is 159.12%.

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.