USS Investment Management Ltd Has $1.18 Million Stake in Nutrien Ltd. $NTR

Key Points

• USS Investment Management Ltd has reduced its holdings in Nutrien Ltd. by 55.4%, selling 29,500 shares during the first quarter.
• Several institutional investors have increased their stakes in Nutrien, with notable increases by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. (65.1%) and Advisors Asset Management Inc. (23.8%).
• Nutrien announced a quarterly dividend of $0.545 to be paid on October 17th, representing an annualized yield of 3.8%.

USS Investment Management Ltd trimmed its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 55.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 23,720 shares of the company's stock after selling 29,500 shares during the period. USS Investment Management Ltd's holdings in Nutrien were worth $1,181,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of NTR. Harbour Investments Inc. boosted its position in Nutrien by 94.8% in the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company's stock valued at $35,000 after buying an additional 348 shares during the last quarter. Allworth Financial LP boosted its position in shares of Nutrien by 117.1% in the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock worth $50,000 after purchasing an additional 506 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Nutrien by 1,074.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company's stock worth $51,000 after purchasing an additional 935 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Nutrien by 4,866.7% in the 1st 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. Finally, HM Payson & Co. bought a new position in shares of Nutrien in the 1st quarter worth $65,000. 63.10% of the stock is currently owned by institutional investors.

Nutrien Trading Down 0.2%

NTR stock traded down $0.12 during midday trading on Friday, hitting $57.00. 2,447,668 shares of the company's stock were exchanged, compared to its average volume of 2,179,174. The company has a market cap of $27.66 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 0.96 and a beta of 0.77. The stock's fifty day moving average price is $58.41 and its 200-day moving average price is $56.32. Nutrien Ltd. has a one year low of $43.69 and a one year high of $65.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating analysts' consensus estimates of $2.41 by $0.24. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.34 earnings per share. Research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business 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 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, September 29th. Nutrien's dividend payout ratio is presently 78.14%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NTR shares. Oppenheimer raised their price target on Nutrien from $63.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. National Bank Financial started coverage on Nutrien in a research report on Friday, September 5th. They issued a "sector perform" rating on the stock. TD Securities raised their price target on Nutrien from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Nutrien in a report on Monday, July 14th. Finally, Zacks Research upgraded Nutrien from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of "Hold" and an average price target of $62.39.

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.