Rathbones Group PLC Sells 6,647 Shares of Nutrien Ltd. (NYSE:NTR)

Key Points

• Rathbones Group PLC reduced its stake in Nutrien Ltd. by 13.6%, selling 6,647 shares and ending with 42,176 shares valued at approximately $2.1 million.
• Nutrien reported earnings of $2.65 per share for the latest quarter, which exceeded analysts' expectations, while revenue was $10.30 billion, slightly below estimates.
• An announced quarterly dividend of $0.545 per share will be paid on October 17th, providing an annualized yield of 3.8%.

Rathbones Group PLC cut its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,176 shares of the company's stock after selling 6,647 shares during the period. Rathbones Group PLC's holdings in Nutrien were worth $2,095,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NTR. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Nutrien by 184.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company's stock valued at $608,000 after buying an additional 7,934 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Nutrien by 27.6% during the 1st quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock valued at $229,000 after purchasing an additional 1,002 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Nutrien during the 1st quarter worth approximately $517,000. Bessemer Group Inc. increased its holdings in Nutrien by 163.7% during the 1st quarter. Bessemer Group Inc. now owns 1,690 shares of the company's stock worth $84,000 after purchasing an additional 1,049 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Nutrien by 4,866.7% in the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after purchasing an additional 1,022 shares during the last quarter. 63.10% of the stock is owned by institutional investors.

Nutrien Trading Up 1.5%

Shares of NTR stock opened at $56.89 on Thursday. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08. The company's fifty day simple moving average is $59.69 and its two-hundred day simple moving average is $55.43. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The stock has a market capitalization of $27.70 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.03 and a beta of 0.81.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%. The business had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.40 billion. During the same quarter in the prior year, the firm posted $2.34 EPS. The firm's quarterly revenue was up 2.8% on a year-over-year basis. As a group, analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien's dividend payout ratio is 78.14%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NTR shares. Jefferies Financial Group reiterated a "hold" rating and set a $66.00 price target (up previously from $63.00) on shares of Nutrien in a report on Friday, July 11th. The Goldman Sachs Group upped their target price 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. Raymond James Financial lowered shares of Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price target on the stock. in a research report on Tuesday, June 17th. Wells Fargo & Company upped their price objective on shares of Nutrien from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Finally, Barclays lifted their target price on shares of Nutrien from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $62.65.

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.

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