Nutrien Ltd. $NTR Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 15.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 80,137 shares of the company's stock after selling 15,078 shares during the period. Janney Montgomery Scott LLC's holdings in Nutrien were worth $4,667,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of Nutrien by 48.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company's stock valued at $347,319,000 after buying an additional 2,291,518 shares during the period. Vanguard Group Inc. grew its stake in shares of Nutrien by 7.1% during the first quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company's stock worth $1,051,709,000 after purchasing an additional 1,412,503 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Nutrien by 17.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company's stock valued at $436,137,000 after acquiring an additional 1,284,181 shares during the last quarter. Nuveen LLC purchased a new stake in Nutrien in the first quarter valued at $63,542,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Nutrien by 16.5% during the first quarter. The Manufacturers Life Insurance Company now owns 6,554,638 shares of the company's stock worth $326,927,000 after buying an additional 927,041 shares during the period. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Up 0.4%

NTR stock opened at $60.64 on Wednesday. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08. The firm has a market cap of $29.42 billion, a PE ratio of 21.73, a P/E/G ratio of 0.99 and a beta of 0.82. The firm has a 50 day simple moving average of $57.64 and a 200 day simple moving average of $57.10. 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 released its earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.41 by $0.24. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The business had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.40 billion. During the same period in the prior year, the business earned $2.34 earnings per share. The business's quarterly revenue was up 2.8% on a year-over-year basis. Equities research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a yield of 3.6%. Nutrien's payout ratio is presently 78.14%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Nutrien in a report on Saturday, September 27th. Scotiabank decreased their target price on shares of Nutrien from $62.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Monday, August 11th. UBS Group decreased their price target on shares of Nutrien from $64.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. TD Securities raised their target price on shares of Nutrien from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Nutrien in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $62.39.

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.

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