Nutrien Ltd. $NTR Stake Decreased by New England Research & Management Inc.

Key Points

• New England Research & Management cut its Nutrien stake by 49% in the third quarter, selling 14,235 shares and retaining 14,815 shares valued at approximately $1.04 million.
• Institutional investors own 63.1% of Nutrien, with several major firms—including Wellington Management, Deutsche Bank and TD Waterhouse—building or initiating positions.
• Nutrien reported quarterly revenue of $10.81 billion, exceeding expectations, but EPS of $2.61 missed estimates. The company pays a quarterly dividend of $0.55, while analysts maintain a “Moderate Buy” consensus with an average $79.90 price target.

New England Research & Management Inc. decreased its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 49.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,815 shares of the company's stock after selling 14,235 shares during the quarter. New England Research & Management Inc.'s holdings in Nutrien were worth $1,041,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new position in Nutrien in the second quarter worth approximately $654,081,000. Deutsche Bank AG purchased a new position in shares of Nutrien during the 2nd quarter worth $588,720,000. TD Waterhouse Canada Inc. grew its position in shares of Nutrien by 10.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 6,096,905 shares of the company's stock valued at $424,331,000 after acquiring an additional 578,470 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Nutrien during the 2nd quarter valued at $375,178,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Nutrien by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,872,194 shares of the company's stock valued at $443,151,000 after acquiring an additional 239,946 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Nutrien Price Performance

Shares of NTR traded up $1.67 during mid-day trading on Friday, reaching $71.25. The stock had a trading volume of 2,682,514 shares, compared to its average volume of 2,578,794. The firm has a market cap of $33.92 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 0.75 and a beta of 0.68. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The business has a fifty day moving average of $73.28 and a 200 day moving average of $70.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.70 by ($0.09). Nutrien had a return on equity of 8.88% and a net margin of 8.44%. The firm had revenue of $10.81 billion during the quarter, compared to analysts' expectations of $10.44 billion. During the same period last year, the company earned $2.65 earnings per share. The business's revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts predict that Nutrien Ltd. will post 4.63 EPS for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th were paid a $0.55 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $2.20 annualized dividend and a yield of 3.1%. Nutrien's payout ratio is presently 44.53%.

Wall Street Analyst Weigh In

NTR has been the subject of several analyst reports. Mizuho reduced their price objective on Nutrien from $77.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, July 14th. set a $85.00 target price on Nutrien and gave the company an "outperform" rating in a research report on Monday, October 5th. Jefferies Financial Group reissued a "hold" rating and set a $71.00 price target on shares of Nutrien in a report on Monday, October 12th. Oppenheimer reduced their price target on Nutrien from $82.00 to $80.00 and set an "outperform" rating for the company in a research report on Thursday, July 23rd. Finally, Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Nutrien in a research note on Monday, August 10th. Sixteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $79.90.

Nutrien Profile

Nutrien Ltd. is a Canada-based provider of crop inputs, services and solutions for agricultural producers. The company produces and distributes potash, nitrogen and phosphate products, which are used to support crop nutrition and agricultural productivity. Its product portfolio also includes crop protection products, seed, farm supplies and other agronomic inputs.

Nutrien serves farmers through a broad retail network operating primarily across North and South America, Australia and other international markets.

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