Massachusetts Financial Services Co. MA Sells 308,770 Shares of Nutrien Ltd. (NYSE:NTR)

Massachusetts Financial Services Co. MA decreased its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,121,437 shares of the company's stock after selling 308,770 shares during the period. Massachusetts Financial Services Co. MA owned about 0.43% of Nutrien worth $105,372,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NTR. Allworth Financial LP raised its holdings in shares of Nutrien by 117.1% in the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock worth $50,000 after buying an additional 506 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Nutrien by 4,866.7% in the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after buying an additional 1,022 shares in the last quarter. Summit Securities Group LLC raised its holdings in shares of Nutrien by 225.0% in the 4th quarter. Summit Securities Group LLC now owns 1,300 shares of the company's stock worth $58,000 after buying an additional 900 shares in the last quarter. HM Payson & Co. acquired a new position in shares of Nutrien in the 1st quarter worth approximately $65,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Nutrien in the 4th quarter worth approximately $67,000. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Stock Up 2.9%

Shares of NTR traded up $1.68 during midday trading on Friday, hitting $60.00. The stock had a trading volume of 2,566,839 shares, compared to its average volume of 2,191,729. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.59. The company has a 50 day simple moving average of $59.77 and a two-hundred day simple moving average of $54.42. The firm has a market cap of $29.22 billion, a price-to-earnings ratio of 56.08, a price-to-earnings-growth ratio of 1.11 and a beta of 0.80. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). The company had revenue of $4.67 billion during the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a net margin of 2.05% and a return on equity of 6.08%. Nutrien's revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. On average, analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Monday, June 30th. Nutrien's dividend payout ratio is currently 203.74%.

Wall Street Analyst Weigh In

NTR has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on Nutrien from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Thursday. Jefferies Financial Group reissued a "hold" rating and issued a $66.00 target price (up from $63.00) on shares of Nutrien in a report on Friday, July 11th. UBS Group raised their price target on Nutrien from $52.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Barclays increased their price objective on Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Finally, BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.78.

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.