USS Investment Management Ltd Sells 41,526 Shares of Nutrien Ltd. (NYSE:NTR)

USS Investment Management Ltd trimmed its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 43.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Fairway Wealth LLC acquired a new stake in shares of Nutrien during the 4th quarter worth approximately $27,000. HHM Wealth Advisors LLC increased its holdings in shares of Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after acquiring an additional 480 shares in the last quarter. Assetmark Inc. boosted its position in shares of Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after buying an additional 690 shares during the last quarter. Asset Planning Inc purchased a new position in Nutrien in the fourth quarter worth about $35,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after buying an additional 416 shares during the period. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Performance

NTR stock traded down $0.56 during midday trading on Thursday, hitting $59.00. 476,934 shares of the company traded hands, compared to its average volume of 2,141,527. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.50. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The business has a 50 day simple moving average of $53.84 and a 200-day simple moving average of $50.83. The stock has a market capitalization of $28.81 billion, a price-to-earnings ratio of 43.06, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79.

Nutrien (NYSE:NTR - Get Free Report) last posted its earnings results 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 return on equity of 6.81% and a net margin of 2.62%. The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Nutrien's quarterly revenue was down 5.4% compared to the same quarter last year. As a group, equities research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Monday, June 30th. Nutrien's dividend payout ratio is currently 203.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. TD Securities upped their target price on Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Barclays increased their price objective on Nutrien from $59.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Bank of America lifted their price objective on Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Mizuho raised their price target on Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Finally, Oppenheimer boosted their target price on Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.