QV Investors Inc. Sells 170,491 Shares of Nutrien Ltd. (NYSE:NTR)

QV Investors Inc. decreased its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 35.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 312,046 shares of the company's stock after selling 170,491 shares during the quarter. Nutrien accounts for approximately 1.6% of QV Investors Inc.'s investment portfolio, making the stock its 24th largest position. QV Investors Inc. owned 0.06% of Nutrien worth $15,485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in Nutrien during the fourth quarter worth about $241,958,000. Arrowstreet Capital Limited Partnership raised its stake in Nutrien by 159.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company's stock worth $242,976,000 after acquiring an additional 3,341,169 shares in the last quarter. ARGA Investment Management LP raised its stake in Nutrien by 25.7% during the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company's stock worth $270,396,000 after acquiring an additional 1,236,671 shares in the last quarter. Barclays PLC raised its stake in Nutrien by 192.7% during the fourth quarter. Barclays PLC now owns 411,056 shares of the company's stock worth $18,395,000 after acquiring an additional 854,543 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Nutrien by 11.3% during the fourth 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.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Berenberg Bank boosted their target price on Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, April 15th. CIBC boosted their target price on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research note on Tuesday, February 25th. BNP Paribas raised Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. Barclays upped their price objective on Nutrien from $59.00 to $61.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Scotiabank downgraded Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective for the company. in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Nutrien has a consensus rating of "Hold" and a consensus target price of $61.44.

Nutrien Trading Up 0.3%

NYSE:NTR traded up $0.19 on Thursday, reaching $60.49. 353,197 shares of the stock traded hands, compared to its average volume of 2,156,592. The firm has a market capitalization of $29.50 billion, a price-to-earnings ratio of 44.15, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79. The company's 50 day moving average is $54.72 and its 200-day moving average is $51.27. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.84.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) 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 return on equity of 6.81% and a net margin of 2.62%. Nutrien'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 earnings per share. Equities research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Monday, June 30th. Nutrien's payout ratio is 203.74%.

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.