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

USS Investment Management Ltd lessened its stake 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 and Exchange Commission (SEC). The firm owned 53,220 shares of the company's stock after selling 41,526 shares during the quarter. USS Investment Management Ltd's holdings in Nutrien were worth $2,377,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NTR. Norges Bank acquired a new position in shares of Nutrien during the fourth quarter valued at approximately $241,958,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Nutrien by 159.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company's stock valued at $242,976,000 after acquiring an additional 3,341,169 shares during the period. 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 acquiring an additional 1,236,671 shares during the period. Barclays PLC increased its stake in shares of Nutrien by 192.7% during 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 during the period. Finally, Deutsche Bank AG increased its stake in shares of Nutrien by 11.3% during the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock valued at $317,951,000 after acquiring an additional 721,935 shares during the period. Institutional investors and hedge funds own 63.10% of the company's stock.

Wall Street Analysts Forecast Growth

NTR has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Oppenheimer raised their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Barclays raised their price objective on shares of Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Berenberg Bank raised their price objective on shares of Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, April 15th. Finally, Bank of America raised their price objective on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $61.44.

Nutrien Stock Up 0.2%

Shares of Nutrien stock traded up $0.09 during midday trading on Tuesday, reaching $59.76. 1,942,622 shares of the company's stock traded hands, compared to its average volume of 2,146,990. The company has a market cap of $29.18 billion, a price-to-earnings ratio of 43.62, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79. The company's 50 day simple moving average is $53.55 and its 200 day simple moving average is $50.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.49.

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

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be issued a $0.545 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.65%. Nutrien's dividend payout ratio (DPR) is presently 203.74%.

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.