Arnhold LLC Reduces Stock Position in Nutrien Ltd. (NYSE:NTR)

Arnhold LLC trimmed its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,595 shares of the company's stock after selling 8,270 shares during the period. Arnhold LLC's holdings in Nutrien were worth $3,786,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NTR. Norges Bank bought a new stake in Nutrien during the fourth quarter worth $241,958,000. Arrowstreet Capital Limited Partnership grew its stake in Nutrien by 159.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company's stock valued at $242,976,000 after purchasing an additional 3,341,169 shares during the period. ARGA Investment Management LP grew its stake in Nutrien by 25.7% in the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company's stock valued at $270,396,000 after purchasing an additional 1,236,671 shares during the period. Silchester International Investors LLP grew its stake in Nutrien by 9.5% in the 4th quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company's stock valued at $523,268,000 after purchasing an additional 1,009,895 shares during the period. Finally, Barclays PLC grew its stake in Nutrien by 192.7% in the 4th quarter. Barclays PLC now owns 411,056 shares of the company's stock valued at $18,395,000 after purchasing an additional 854,543 shares during the period. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on NTR shares. UBS Group reduced their price objective on Nutrien from $54.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Piper Sandler increased their price target on Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. CIBC increased their price target on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research note on Tuesday, February 25th. Royal Bank of Canada reiterated an "outperform" rating and set a $60.00 price target on shares of Nutrien in a research note on Monday, February 24th. Finally, Berenberg Bank increased their price target on Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.27.

Nutrien Price Performance

NYSE NTR traded down $0.27 on Wednesday, reaching $56.54. 1,250,748 shares of the company's stock traded hands, compared to its average volume of 2,103,771. The stock has a market cap of $27.61 billion, a PE ratio of 41.27, a P/E/G ratio of 1.19 and a beta of 0.77. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. The stock has a 50-day simple moving average of $51.26 and a 200 day simple moving average of $49.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

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

Nutrien Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were paid a $0.545 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.86%. Nutrien's dividend payout ratio (DPR) is 159.12%.

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.