Invesco Ltd. Sells 265,492 Shares of Nutrien Ltd. $NTR

Key Points

• Invesco Ltd. reduced its stake in Nutrien Ltd. by 16.6%, now owning approximately 1.33 million shares valued at around $66.37 million.
• The company reported an earnings per share (EPS) of $2.65 for the last quarter, exceeding analysts' expectations of $2.41, despite a slight revenue miss of $10.30 billion against the estimated $10.40 billion.
• Nutrien has announced a quarterly dividend of $0.545 per share, reflecting an annualized dividend yield of 3.8%, with a payout ratio of 78.14%.

Invesco Ltd. decreased its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,336,269 shares of the company's stock after selling 265,492 shares during the quarter. Invesco Ltd. owned about 0.27% of Nutrien worth $66,372,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Nutrien by 184.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company's stock worth $608,000 after buying an additional 7,934 shares during the period. Farther Finance Advisors LLC grew its position in shares of Nutrien by 27.6% during the 1st quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock worth $229,000 after buying an additional 1,002 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Nutrien during the 1st quarter worth approximately $517,000. Bessemer Group Inc. grew its position in shares of Nutrien by 163.7% during the 1st quarter. Bessemer Group Inc. now owns 1,690 shares of the company's stock worth $84,000 after buying an additional 1,049 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Nutrien by 4,866.7% during 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 during the period. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Stock Up 0.9%

NTR traded up $0.5130 during mid-day trading on Thursday, reaching $57.5530. 1,985,384 shares of the stock were exchanged, compared to its average volume of 1,986,233. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The stock has a market capitalization of $27.97 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 0.98 and a beta of 0.81. The company has a 50 day moving average price of $59.31 and a two-hundred day moving average price of $55.63. Nutrien Ltd. has a 1 year low of $43.69 and a 1 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.41 by $0.24. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.34 EPS. As a group, research analysts anticipate 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, October 17th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien's payout ratio is currently 78.14%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Scotiabank reduced their price objective on shares of Nutrien from $62.00 to $60.00 and set a "sector perform" rating for the company in a research report on Monday, August 11th. Wells Fargo & Company lifted their price target on shares of Nutrien from $59.00 to $62.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. The Goldman Sachs Group lifted their price target on shares of Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a research report on Friday, May 9th. Zacks Research raised shares of Nutrien from a "hold" rating to a "strong-buy" rating in a research report on Monday. Finally, Barclays lifted their price target on shares of Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, 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.