Shufro Rose & Co. LLC Trims Holdings in Nutrien Ltd. (NYSE:NTR)

Key Points

• Shufro Rose & Co. LLC reduced its stake in Nutrien Ltd. by 38.1%, selling 16,913 shares, and now holds 27,511 shares valued at approximately $1.37 million.
• Nutrien recently reported a net revenue of $4.67 billion for the quarter, falling short of the consensus estimate of $5.16 billion, with earnings per share at $0.11 compared to the expected $0.35.
• The company declared a quarterly dividend of $0.545 per share, resulting in an annualized dividend yield of 3.7% despite a high dividend payout ratio of 203.74%.

Shufro Rose & Co. LLC lowered its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 38.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,511 shares of the company's stock after selling 16,913 shares during the quarter. Shufro Rose & Co. LLC's holdings in Nutrien were worth $1,366,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC raised its holdings 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 last quarter. Deutsche Bank AG lifted its position 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 buying an additional 721,935 shares in the last quarter. Geode Capital Management LLC lifted its position in Nutrien by 30.3% during the fourth quarter. Geode Capital Management LLC now owns 3,022,551 shares of the company's stock worth $137,202,000 after buying an additional 702,948 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Nutrien by 12.6% in the 4th quarter. Bank of Nova Scotia now owns 5,316,035 shares of the company's stock worth $238,915,000 after acquiring an additional 595,994 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Nutrien by 789.0% during the 1st quarter. Allianz Asset Management GmbH now owns 659,150 shares of the company's stock worth $32,709,000 after acquiring an additional 585,002 shares during the period. Hedge funds and other institutional investors own 63.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NTR shares. Raymond James Financial downgraded shares of Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 target price on the stock. in a research note on Tuesday, June 17th. Barclays lifted their target price on Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Berenberg Bank increased their price target on Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday, April 15th. 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 report on Thursday, May 22nd. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $66.00 target price (up previously from $63.00) on shares of Nutrien in a research note on Friday, July 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $63.39.

Nutrien Stock Down 1.2%

Shares of NTR stock traded down $0.70 during trading hours on Friday, reaching $58.62. 1,521,922 shares of the stock were exchanged, compared to its average volume of 1,658,575. The business's fifty day moving average is $60.10 and its two-hundred day moving average is $55.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.59. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $65.08. The firm has a market capitalization of $28.54 billion, a P/E ratio of 54.78, a P/E/G ratio of 1.07 and a beta of 0.81.

Nutrien (NYSE:NTR - Get Free Report) last released its 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). Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The firm had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $5.16 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The firm's quarterly revenue was down 5.4% on a year-over-year basis. As a group, research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, June 30th. Nutrien's payout ratio is currently 203.74%.

Nutrien Company 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.