Nutrien Ltd. (NYSE:NTR) Shares Acquired by Oxbow Advisors LLC

Oxbow Advisors LLC boosted its position in Nutrien Ltd. (NYSE:NTR) by 68.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,450 shares of the company’s stock after purchasing an additional 48,645 shares during the period. Oxbow Advisors LLC’s holdings in Nutrien were worth $5,741,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Nutrien by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company’s stock valued at $1,020,012,000 after purchasing an additional 570,912 shares in the last quarter. Bank of Montreal Can increased its position in Nutrien by 15.5% during the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock worth $719,668,000 after buying an additional 1,794,333 shares in the last quarter. Silchester International Investors LLP increased 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 worth $513,437,000 after buying an additional 6,642,075 shares in the last quarter. First Eagle Investment Management LLC increased its position in Nutrien by 0.5% during the first quarter. First Eagle Investment Management LLC now owns 9,571,272 shares of the company’s stock worth $519,816,000 after buying an additional 50,369 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its position in Nutrien by 1.9% during the second quarter. 1832 Asset Management L.P. now owns 9,006,528 shares of the company’s stock worth $458,522,000 after buying an additional 167,312 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Performance

Shares of NYSE:NTR traded down $0.62 during trading on Friday, hitting $48.32. 2,325,769 shares of the company traded hands, compared to its average volume of 1,951,724. 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 business’s fifty day moving average is $47.98 and its 200-day moving average is $50.61. The stock has a market capitalization of $23.86 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 1.62 and a beta of 0.82. Nutrien Ltd. has a one year low of $44.65 and a one year high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter last year, the company posted $0.35 EPS. Nutrien’s revenue was down 5.0% on a year-over-year basis. As a group, equities analysts predict that Nutrien Ltd. will post 3.82 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.939 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.77%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s dividend payout ratio is presently 144.97%.

Analyst Ratings Changes

Several equities analysts have weighed in on NTR shares. HSBC downgraded Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Barclays lowered their price objective on Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. TD Securities lowered their price objective on Nutrien from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Tuesday. Hsbc Global Res downgraded Nutrien from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group downgraded Nutrien from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Nutrien has a consensus rating of “Hold” and an average target price of $60.44.

About Nutrien

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.