Nutrien Ltd. (NYSE:NTR) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. trimmed its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 35.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,353 shares of the company's stock after selling 11,870 shares during the quarter. Graham Capital Management L.P.'s holdings in Nutrien were worth $956,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NTR. Covea Finance raised its stake in shares of Nutrien by 21.9% in the 4th quarter. Covea Finance now owns 55,600 shares of the company's stock worth $2,485,000 after buying an additional 10,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Nutrien by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,886,376 shares of the company's stock valued at $84,367,000 after buying an additional 144,025 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Nutrien by 5.7% in the 4th quarter. Van ECK Associates Corp now owns 1,480,870 shares of the company's stock valued at $66,264,000 after purchasing an additional 80,382 shares during the period. Secured Retirement Advisors LLC acquired a new position in Nutrien in the 4th quarter valued at approximately $654,000. Finally, Abel Hall LLC purchased a new stake in shares of Nutrien during the fourth quarter worth $276,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Scotiabank reiterated a "sector perform" rating and issued a $62.00 target price on shares of Nutrien in a research note on Wednesday, May 14th. TD Securities upped their price target on Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Barclays lifted their target price on Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. The Goldman Sachs Group upped their target price on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a research note on Friday, May 9th. Finally, BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Nutrien currently has a consensus rating of "Hold" and an average target price of $61.44.

Nutrien Stock Up 0.0%

Shares of Nutrien stock traded up $0.02 during trading on Monday, reaching $57.92. The company's stock had a trading volume of 244,026 shares, compared to its average volume of 2,134,153. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The company has a market cap of $28.28 billion, a price-to-earnings ratio of 42.30, a P/E/G ratio of 1.19 and a beta of 0.79. The company has a 50-day simple moving average of $52.62 and a two-hundred day simple moving average of $50.30.

Nutrien (NYSE:NTR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.11 EPS 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 company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period last year, the business earned $0.46 earnings per share. The firm's revenue was down 5.4% on a year-over-year basis. As a group, equities analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be given a $0.545 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 annualized dividend and a dividend yield of 3.76%. Nutrien's dividend payout ratio (DPR) is presently 203.74%.

Nutrien 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.