UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 45,766 Shares of Nutrien Ltd. (NYSE:NTR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 729,802 shares of the company's stock after selling 45,766 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Nutrien worth $32,659,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of NTR. Fairway Wealth LLC bought a new stake in Nutrien in the 4th quarter valued at $27,000. HHM Wealth Advisors LLC raised its holdings in Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after acquiring an additional 480 shares in the last quarter. Assetmark Inc. lifted its position in shares of Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after acquiring an additional 690 shares during the period. Asset Planning Inc bought a new stake in shares of Nutrien during the fourth quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 416 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NTR shares. 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 report on Tuesday, April 15th. 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. Royal Bank of Canada lifted their price objective on Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, May 12th. CIBC boosted their target price on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research note on Tuesday, February 25th. Finally, Bank of America increased their target price on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Nutrien has a consensus rating of "Hold" and a consensus price target of $61.44.

Nutrien Trading Up 0.5%

NYSE:NTR traded up $0.27 during trading hours on Friday, hitting $59.05. The stock had a trading volume of 2,373,995 shares, compared to its average volume of 2,149,994. The business's 50 day moving average is $53.96 and its 200-day moving average is $50.90. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The company has a market cap of $28.83 billion, a price-to-earnings ratio of 43.10, a P/E/G ratio of 1.19 and a beta of 0.79. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.50.

Nutrien (NYSE:NTR - Get Free Report) last posted its earnings results 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). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The business's revenue was down 5.4% on a year-over-year basis. Sell-side analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

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 given a dividend of $0.545 per share. The ex-dividend date is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.69%. Nutrien's dividend payout ratio (DPR) is presently 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.