USS Investment Management Ltd Lowers Position in Nutrien Ltd. (NYSE:NTR)

USS Investment Management Ltd lessened its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 43.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,220 shares of the company's stock after selling 41,526 shares during the period. USS Investment Management Ltd's holdings in Nutrien were worth $2,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NTR. Norges Bank purchased a new position in Nutrien during the 4th quarter worth $241,958,000. Arrowstreet Capital Limited Partnership grew its position in shares of Nutrien by 159.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company's stock worth $242,976,000 after buying an additional 3,341,169 shares in the last quarter. ARGA Investment Management LP increased its stake in shares of Nutrien by 25.7% during the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company's stock valued at $270,396,000 after buying an additional 1,236,671 shares during the period. Barclays PLC raised its holdings in shares of Nutrien by 192.7% in the fourth quarter. Barclays PLC now owns 411,056 shares of the company's stock valued at $18,395,000 after acquiring an additional 854,543 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Nutrien by 11.3% during the 4th quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock worth $317,951,000 after acquiring an additional 721,935 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Performance

NYSE NTR traded down $0.27 during trading hours on Wednesday, reaching $59.53. The stock had a trading volume of 1,342,211 shares, compared to its average volume of 2,143,858. Nutrien Ltd. has a 52-week low of $43.70 and a 52-week high of $60.50. The stock has a fifty day moving average of $53.70 and a 200 day moving average of $50.77. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The stock has a market cap of $29.07 billion, a P/E ratio of 43.46, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). The business had revenue of $4.67 billion during the quarter, compared to analysts' expectations of $5.16 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm's revenue was down 5.4% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. Sell-side analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.545 per share. The ex-dividend date is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.66%. Nutrien's payout ratio is currently 203.74%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NTR shares. The Goldman Sachs Group boosted their price objective on shares of Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a research note on Friday, May 9th. TD Securities increased their price target on shares of Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a research report on Monday, May 12th. UBS Group lifted 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. CIBC increased their target price on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research report on Tuesday, February 25th. Finally, Mizuho raised their target price on shares of Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Nutrien currently has a consensus rating of "Hold" and an average target price of $61.44.

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.