Ruffer LLP Sells 148,590 Shares of Nutrien Ltd. (NYSE:NTR)

Ruffer LLP decreased its holdings in Nutrien Ltd. (NYSE:NTR) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 982,728 shares of the company’s stock after selling 148,590 shares during the period. Nutrien accounts for approximately 1.6% of Ruffer LLP’s holdings, making the stock its 19th biggest holding. Ruffer LLP owned 0.20% of Nutrien worth $43,977,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goodman Financial Corp increased its position in Nutrien by 4.6% during the third quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock valued at $12,201,000 after acquiring an additional 11,058 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Nutrien by 10.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock valued at $83,812,000 after purchasing an additional 157,932 shares during the last quarter. Covea Finance grew its holdings in Nutrien by 21.9% during the 4th quarter. Covea Finance now owns 55,600 shares of the company’s stock valued at $2,485,000 after purchasing an additional 10,000 shares during the last quarter. Wellington Management Group LLP raised its position in Nutrien by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,396,887 shares of the company’s stock worth $67,200,000 after purchasing an additional 151,596 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake 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 worth $121,271,000 after purchasing an additional 1,100,000 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NTR shares. Barclays increased their price target on Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday. 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, November 12th. UBS Group raised their price target on shares of Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, Oppenheimer initiated coverage on Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.13.

Nutrien Trading Down 0.2 %

Shares of NYSE:NTR opened at $51.03 on Friday. 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 business has a 50 day moving average of $50.71 and a two-hundred day moving average of $48.58. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87. The company has a market capitalization of $24.96 billion, a PE ratio of 37.24, a PEG ratio of 1.19 and a beta of 0.81.

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

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a $0.545 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.27%. 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.