Nutrien Ltd. (NYSE:NTR) Stake Trimmed by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC cut its position in shares of Nutrien Ltd. (NYSE:NTR) by 1.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 110,118 shares of the company’s stock after selling 1,697 shares during the period. Euro Pacific Asset Management LLC’s holdings in Nutrien were worth $5,326,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Nutrien by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company’s stock valued at $1,020,012,000 after acquiring an additional 570,912 shares in the last quarter. Bank of Montreal Can lifted its position in Nutrien by 15.5% in the 2nd 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 boosted its stake in shares of Nutrien by 164.4% during the 3rd quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock valued at $513,437,000 after buying an additional 6,642,075 shares during the period. 1832 Asset Management L.P. grew its holdings in shares of Nutrien by 1.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 9,006,528 shares of the company’s stock valued at $458,522,000 after acquiring an additional 167,312 shares in the last quarter. Finally, Altshuler Shaham Ltd increased its stake in shares of Nutrien by 8.1% in the second quarter. Altshuler Shaham Ltd now owns 5,990,374 shares of the company’s stock worth $304,970,000 after acquiring an additional 446,340 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Down 0.4 %

NYSE NTR opened at $46.19 on Friday. Nutrien Ltd. has a 1-year low of $44.65 and a 1-year 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 stock’s 50 day moving average is $47.99 and its two-hundred day moving average is $50.42. The company has a market capitalization of $22.81 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 1.60 and a beta of 0.82.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business’s revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. Equities analysts forecast that Nutrien Ltd. will post 3.65 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 given a dividend of $0.939 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.13%. This is a boost from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio (DPR) is 144.97%.

Wall Street Analysts Forecast Growth

Several research firms have commented on NTR. BMO Capital Markets cut their target price on Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a research note on Friday, September 20th. TD Securities decreased their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday. Hsbc Global Res lowered shares of Nutrien from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Finally, UBS Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $66.00 to $51.00 in a report on Thursday, October 10th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $60.33.

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.