Marble Harbor Investment Counsel LLC Sells 2,400 Shares of Nutrien Ltd. (NYSE:NTR)

Marble Harbor Investment Counsel LLC reduced its stake in shares of Nutrien Ltd. (NYSE:NTR) by 30.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,370 shares of the company’s stock after selling 2,400 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Nutrien were worth $240,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NTR. Goodman Financial Corp lifted its holdings in Nutrien by 4.6% in the third quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock valued at $12,201,000 after buying an additional 11,058 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Nutrien by 10.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock valued at $83,812,000 after buying an additional 157,932 shares during the period. Covea Finance lifted its holdings in Nutrien by 21.9% in the fourth quarter. Covea Finance now owns 55,600 shares of the company’s stock valued at $2,485,000 after buying an additional 10,000 shares during the period. Wellington Management Group LLP lifted its holdings in Nutrien by 12.2% in the third quarter. Wellington Management Group LLP now owns 1,396,887 shares of the company’s stock valued at $67,200,000 after buying an additional 151,596 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in Nutrien by 78.8% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock valued at $121,271,000 after buying an additional 1,100,000 shares during the period. 63.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NTR. Barclays increased their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a report on Monday, February 24th. Oppenheimer began coverage on shares of Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective on the stock. TD Securities cut their price objective on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, UBS Group increased their target price on shares of Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.94.

Nutrien Trading Down 0.2 %

Shares of NYSE:NTR opened at $51.03 on Friday. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The company’s fifty day simple moving average is $50.71 and its 200 day simple moving average is $48.57. The firm has a market cap of $24.96 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 1.19 and a beta of 0.81.

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

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is currently 159.12%.

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.