Nutrien Ltd. (NYSE:NTR) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its stake in Nutrien Ltd. (NYSE:NTR) by 15.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,146 shares of the company’s stock after selling 18,227 shares during the period. Quantbot Technologies LP’s holdings in Nutrien were worth $4,997,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Family Firm Inc. purchased a new stake in Nutrien during the second quarter worth $32,000. GoalVest Advisory LLC purchased a new stake in shares of Nutrien during the 1st quarter worth about $35,000. Trust Co. of Vermont grew its position in shares of Nutrien by 50.0% during the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock valued at $46,000 after acquiring an additional 300 shares during the period. Covestor Ltd grew its position in shares of Nutrien by 33.3% during the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after acquiring an additional 233 shares during the period. Finally, Andra AP fonden purchased a new position in shares of Nutrien in the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Hsbc Global Res lowered Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. BMO Capital Markets dropped their price target on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Scotiabank reduced their price objective on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Monday, August 12th. Wells Fargo & Company dropped their target price on shares of Nutrien from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Finally, Barclays reduced their price target on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.39.

Nutrien Stock Up 1.2 %

NYSE NTR opened at $46.74 on Monday. The business’s fifty day simple moving average is $48.20 and its 200-day simple moving average is $52.02. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.37. The firm has a market cap of $23.12 billion, a PE ratio of 27.33, a P/E/G ratio of 1.50 and a beta of 0.82. Nutrien Ltd. has a 52 week low of $44.65 and a 52 week high of $65.00.

Nutrien (NYSE:NTR) last issued its earnings results 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 company had revenue of $10.16 billion for the quarter, compared to the consensus estimate of $10.82 billion. During the same period in the previous year, the firm earned $2.53 earnings per share. Nutrien’s quarterly revenue was down 12.9% compared to the same quarter last year. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.81 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 4.62%. Nutrien’s dividend payout ratio (DPR) is 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.