Massachusetts Financial Services Co. MA Has $105.37 Million Position in Nutrien Ltd. (NYSE:NTR)

Massachusetts Financial Services Co. MA lessened its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 12.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,121,437 shares of the company's stock after selling 308,770 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.43% of Nutrien worth $105,372,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP boosted its position in shares of Nutrien by 117.1% in the first quarter. Allworth Financial LP now owns 938 shares of the company's stock valued at $50,000 after acquiring an additional 506 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 acquiring an additional 1,022 shares during the period. Summit Securities Group LLC boosted its position in shares of Nutrien by 225.0% in the fourth quarter. Summit Securities Group LLC now owns 1,300 shares of the company's stock valued at $58,000 after acquiring an additional 900 shares during the period. HM Payson & Co. bought a new stake in shares of Nutrien in the first quarter valued at about $65,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Nutrien in the fourth quarter valued at about $67,000. Institutional investors own 63.10% of the company's stock.

Nutrien Price Performance

NYSE NTR traded down $0.17 during trading on Thursday, hitting $58.29. 1,731,486 shares of the company's stock were exchanged, compared to its average volume of 2,187,169. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. The company has a market cap of $28.39 billion, a PE ratio of 19.23, a P/E/G ratio of 1.08 and a beta of 0.80. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $65.08. The stock's 50 day moving average price is $59.61 and its two-hundred day moving average price is $54.15.

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

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio is currently 203.74%.

Analysts Set New Price Targets

NTR has been the subject of a number of recent research reports. Jefferies Financial Group reissued a "hold" rating and issued a $66.00 target price (up previously from $63.00) on shares of Nutrien in a research report on Friday, July 11th. BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Raymond James Financial cut shares of Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price objective for the company. in a research report on Tuesday, June 17th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Nutrien in a research report on Monday. Finally, UBS Group upped their price objective on shares of Nutrien from $52.00 to $56.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $62.78.

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.