Invenomic Capital Management LP Has $4.28 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Invenomic Capital Management LP trimmed its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,590 shares of the company's stock after selling 14,823 shares during the quarter. Invenomic Capital Management LP's holdings in Nutrien were worth $4,278,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. KKM Financial LLC boosted its holdings in shares of Nutrien by 3.5% in the 4th quarter. KKM Financial LLC now owns 39,646 shares of the company's stock valued at $1,774,000 after buying an additional 1,349 shares during the period. Hudson Bay Capital Management LP raised its stake in Nutrien by 9.1% during the fourth quarter. Hudson Bay Capital Management LP now owns 60,000 shares of the company's stock worth $2,685,000 after acquiring an additional 5,000 shares during the period. Ensign Peak Advisors Inc lifted its holdings in Nutrien by 7.9% in the fourth quarter. Ensign Peak Advisors Inc now owns 41,139 shares of the company's stock worth $1,840,000 after acquiring an additional 3,000 shares during the last quarter. Deutsche Bank AG lifted its holdings in Nutrien by 11.3% in the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock worth $317,951,000 after acquiring an additional 721,935 shares during the last quarter. Finally, Caption Management LLC acquired a new position in Nutrien in the fourth quarter valued at approximately $2,215,000. 63.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on NTR. Wells Fargo & Company raised their price target on Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Monday. TD Securities boosted their price target on shares of Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a report on Monday. The Goldman Sachs Group upped their price target on shares of Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a research report on Friday, May 9th. Mizuho increased their price objective on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Finally, CIBC increased their price objective on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a report on Tuesday, February 25th. Two equities 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $61.44.

Nutrien Price Performance

NYSE NTR traded up $0.40 on Thursday, reaching $57.38. The company's stock had a trading volume of 2,079,051 shares, compared to its average volume of 2,135,603. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87. 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 firm's 50 day moving average is $52.35 and its two-hundred day moving average is $50.14. The stock has a market cap of $28.02 billion, a PE ratio of 41.88, a PEG ratio of 1.19 and a beta of 0.79.

Nutrien (NYSE:NTR - Get Free Report) last released 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). The business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm's revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 earnings per share. As a group, sell-side analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's payout ratio is 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.