Forsta AP Fonden Sells 13,200 Shares of Nutrien Ltd. (NYSE:NTR)

Key Points

• Forsta AP Fonden reduced its stake in Nutrien Ltd. by 10.7%, ending with 110,100 shares worth $5.46 million after selling 13,200 shares in the 1st quarter.
• Vanguard Group increased its holdings in Nutrien by 7.1%, now owning over 21 million shares valued at approximately $1.05 billion.
• Nutrien announced a quarterly dividend of $0.545 per share, representing an annualized dividend yield of 3.9%, with a payout ratio of 78.14%.

Forsta AP Fonden reduced its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,100 shares of the company's stock after selling 13,200 shares during the period. Forsta AP Fonden's holdings in Nutrien were worth $5,464,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Blume Capital Management Inc. lifted its holdings in Nutrien by 0.7% in the first quarter. Blume Capital Management Inc. now owns 31,796 shares of the company's stock valued at $1,579,000 after acquiring an additional 220 shares during the period. Tidal Investments LLC boosted its position in Nutrien by 2.9% during the fourth quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock worth $459,000 after purchasing an additional 293 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in Nutrien by 5.9% in the first quarter. Mesirow Financial Investment Management Inc. now owns 5,532 shares of the company's stock valued at $275,000 after purchasing an additional 309 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Nutrien by 94.8% in the first quarter. Harbour Investments Inc. now owns 715 shares of the company's stock valued at $35,000 after buying an additional 348 shares in the last quarter. Finally, PKO Investment Management Joint Stock Co increased its position in shares of Nutrien by 2.5% in the first quarter. PKO Investment Management Joint Stock Co now owns 16,296 shares of the company's stock valued at $811,000 after buying an additional 400 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Price Performance

Shares of NTR stock traded up $0.03 on Thursday, reaching $56.91. The company had a trading volume of 1,678,258 shares, compared to its average volume of 2,284,051. The stock has a market capitalization of $27.71 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.03 and a beta of 0.81. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. The business's 50-day moving average is $59.69 and its 200 day moving average is $55.43. Nutrien Ltd. has a one year low of $43.69 and a one year high of $65.08.

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

Nutrien Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 3.8%. Nutrien's payout ratio is 78.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Oppenheimer boosted their price target on Nutrien from $63.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Nutrien in a research report on Monday, July 14th. Wall Street Zen upgraded shares of Nutrien from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Bank of America raised their price target on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, Morgan Stanley upped their price objective on shares of Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Nutrien has an average rating of "Moderate Buy" and a consensus target price of $62.65.

About Nutrien

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.