Oppenheimer & Co. Inc. Sells 13,358 Shares of Nutrien Ltd. (NYSE:NTR)

Oppenheimer & Co. Inc. cut its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 49.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,527 shares of the company's stock after selling 13,358 shares during the period. Oppenheimer & Co. Inc.'s holdings in Nutrien were worth $672,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Rhumbline Advisers increased its stake in shares of Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock valued at $331,000 after buying an additional 247 shares during the period. Tidal Investments LLC increased its position in Nutrien by 2.9% in the 4th quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock valued at $459,000 after acquiring an additional 293 shares during the period. EverSource Wealth Advisors LLC increased its position in Nutrien by 23.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after acquiring an additional 348 shares during the period. PKO Investment Management Joint Stock Co raised its stake in shares of Nutrien by 2.5% during the first quarter. PKO Investment Management Joint Stock Co now owns 16,296 shares of the company's stock valued at $811,000 after acquiring an additional 400 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in shares of Nutrien by 50.6% during the fourth quarter. Lindbrook Capital LLC now owns 1,247 shares of the company's stock worth $56,000 after purchasing an additional 419 shares during the period. Institutional investors and hedge funds own 63.10% of the company's stock.

Analysts Set New Price Targets

NTR has been the subject of a number of recent research reports. Bank of America increased their price objective on Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Royal Bank Of Canada raised their price objective on Nutrien from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Scotiabank lowered Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective on the stock. in a research note on Thursday, May 22nd. Wells Fargo & Company increased their target price on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, UBS Group raised their price target on shares of Nutrien from $52.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Nutrien currently has a consensus rating of "Hold" and an average price target of $62.12.

Nutrien Stock Up 0.5%

Shares of NYSE NTR traded up $0.30 during midday trading on Tuesday, hitting $58.54. 1,114,131 shares of the stock traded hands, compared to its average volume of 2,363,955. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. Nutrien Ltd. has a one year low of $43.69 and a one year high of $65.08. The business has a 50 day moving average price of $58.45 and a two-hundred day moving average price of $52.98. The company has a market cap of $28.51 billion, a PE ratio of 54.71, a P/E/G ratio of 1.10 and a beta of 0.81.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.24). The business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The business's quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 EPS. On average, equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The business also recently declared 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 yield of 3.72%. Nutrien's dividend payout ratio (DPR) is currently 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.