Credit Agricole S A Trims Stake in Nutrien Ltd. $NTR

Key Points

• Credit Agricole S A has decreased its holdings in Nutrien Ltd. by 33.8%, selling 19,950 shares to own a total of 39,146 shares, valued at $1,944,000.
• Several institutional investors have recently increased their positions in Nutrien, with GAMMA Investing LLC showing the most significant increase at 4,866.7% during the first quarter.
• Nutrien's recent earnings report showed an EPS of $2.65, surpassing estimates, and a quarterly dividend of $0.545 per share was announced, equating to an annualized yield of 3.8%.

Credit Agricole S A trimmed its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 33.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,146 shares of the company's stock after selling 19,950 shares during the quarter. Credit Agricole S A's holdings in Nutrien were worth $1,944,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Nutrien by 184.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company's stock valued at $608,000 after acquiring an additional 7,934 shares during the period. Farther Finance Advisors LLC boosted its holdings in Nutrien by 27.6% in the first quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock valued at $229,000 after purchasing an additional 1,002 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in Nutrien in the first quarter valued at $517,000. Bessemer Group Inc. boosted its holdings in Nutrien by 163.7% in the first quarter. Bessemer Group Inc. now owns 1,690 shares of the company's stock valued at $84,000 after purchasing an additional 1,049 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Nutrien by 4,866.7% in the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after purchasing an additional 1,022 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Bank of America lifted their target price on Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Wall Street Zen upgraded Nutrien from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Zacks Research upgraded Nutrien from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. The Goldman Sachs Group lifted their target price on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a report on Friday, May 9th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Nutrien in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Nutrien currently has a consensus rating of "Moderate Buy" and an average target price of $62.65.

Nutrien Stock Up 0.9%

NYSE NTR traded up $0.52 during trading on Thursday, reaching $58.69. 1,616,262 shares of the company's stock were exchanged, compared to its average volume of 2,250,873. The stock has a market cap of $28.53 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 0.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The company has a 50 day moving average price of $58.97 and a two-hundred day moving average price of $55.82. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.41 by $0.24. The company had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.Nutrien's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.34 EPS. On average, equities research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien's payout ratio is 78.14%.

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.