Easterly Investment Partners LLC Trims Stock Holdings in Nutrien Ltd. $NTR

Key Points

• Easterly Investment Partners LLC reduced its holdings in Nutrien Ltd. by 8.2%, owning 189,028 shares worth approximately $11 million after selling 16,981 shares in the second quarter.
• A variety of institutional investors have significantly increased their stakes in Nutrien, with GAMMA Investing LLC jumping by nearly 4,867% during the first quarter.
• Nutrien's quarterly dividend is set at $0.545 per share, reflecting an annualized yield of 3.9%, with the dividend payout ratio currently at 78.14%.

Easterly Investment Partners LLC lowered its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 8.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 189,028 shares of the company's stock after selling 16,981 shares during the quarter. Easterly Investment Partners LLC's holdings in Nutrien were worth $11,009,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTR. GAMMA Investing LLC lifted its stake 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 buying an additional 1,022 shares during the last quarter. Farther Finance Advisors LLC lifted its stake 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 buying an additional 1,002 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Nutrien by 184.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company's stock valued at $608,000 after buying an additional 7,934 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Nutrien by 2,803.7% in the first quarter. Exchange Traded Concepts LLC now owns 24,565 shares of the company's stock valued at $1,220,000 after buying an additional 23,719 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Nutrien in the first quarter valued at approximately $517,000. 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 commented on the company. Wells Fargo & Company restated a "cautious" rating on shares of Nutrien in a research note on Thursday. Weiss Ratings restated a "hold (c)" rating on shares of Nutrien in a research note on Wednesday, October 8th. National Bank Financial assumed coverage on Nutrien in a research note on Friday, September 5th. They set a "sector perform" rating for the company. National Bankshares assumed coverage on Nutrien in a research note on Friday, September 5th. They set a "sector perform" rating and a $64.00 price target for the company. Finally, Bank of America restated a "neutral" rating and set a $67.00 price target on shares of Nutrien in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $62.78.

Nutrien Trading Down 3.0%

Shares of NTR stock opened at $56.41 on Friday. The business's fifty day moving average price is $57.74 and its 200 day moving average price is $57.47. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $65.08. The firm has a market capitalization of $27.37 billion, a PE ratio of 20.22, a P/E/G ratio of 0.95 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, topping analysts' consensus estimates of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. Nutrien's quarterly revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors 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 3.9%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien's dividend payout ratio is currently 78.14%.

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.

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