Chelsea Counsel Co. Decreases Stock Position in Nutrien Ltd. (NYSE:NTR)

Chelsea Counsel Co. lowered its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 74.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,470 shares of the company's stock after selling 4,220 shares during the quarter. Chelsea Counsel Co.'s holdings in Nutrien were worth $67,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in Nutrien by 3.5% in the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock valued at $331,000 after purchasing an additional 247 shares during the period. FFT Wealth Management LLC raised its stake in shares of Nutrien by 0.9% in the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock valued at $1,330,000 after buying an additional 277 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Nutrien by 2.9% in the 4th quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock valued at $459,000 after buying an additional 293 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Nutrien by 23.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after buying an additional 348 shares in the last quarter. Finally, PFG Investments LLC raised its stake in shares of Nutrien by 2.0% in the 4th quarter. PFG Investments LLC now owns 20,097 shares of the company's stock valued at $899,000 after buying an additional 386 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Analyst Ratings Changes

NTR has been the subject of a number of recent analyst reports. Berenberg Bank increased their target price on shares of Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, April 15th. Scotiabank lowered shares of Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 target price on the stock. in a research note on Thursday, May 22nd. BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. CIBC lifted their price objective on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research note on Tuesday, February 25th. Finally, UBS Group lifted their price objective on shares of Nutrien from $52.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $61.44.

Nutrien Trading Down 1.3%

Shares of Nutrien stock traded down $0.78 on Thursday, hitting $58.78. The stock had a trading volume of 1,773,808 shares, compared to its average volume of 2,149,087. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.50. The stock has a market cap of $28.70 billion, a price-to-earnings ratio of 42.91, a PEG ratio of 1.19 and a beta of 0.79. The stock's 50-day simple moving average is $53.84 and its two-hundred day simple moving average is $50.83.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $5.16 billion. During the same period in the prior year, the business posted $0.46 EPS. The business's quarterly revenue was down 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be issued a $0.545 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.71%. Nutrien's payout ratio is 203.74%.

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.