Ninety One UK Ltd Sells 94,025 Shares of Nutrien Ltd. (NYSE:NTR)

Ninety One UK Ltd cut its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 27.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 254,121 shares of the company's stock after selling 94,025 shares during the quarter. Ninety One UK Ltd owned about 0.05% of Nutrien worth $14,387,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd bought a new stake in shares of Nutrien during the first quarter valued at approximately $30,000. Zions Bancorporation N.A. raised its stake in Nutrien by 55.2% during the first quarter. Zions Bancorporation N.A. now owns 301 shares of the company's stock valued at $31,000 after buying an additional 107 shares during the last quarter. Legacy Financial Group LLC purchased a new position in Nutrien during the third quarter valued at $28,000. GHP Investment Advisors Inc. purchased a new position in Nutrien during the third quarter valued at $27,000. Finally, Exchange Traded Concepts LLC raised its stake in Nutrien by 904.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company's stock valued at $42,000 after buying an additional 678 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Performance

Nutrien stock traded up $0.13 during mid-day trading on Friday, reaching $52.78. 1,238,572 shares of the stock traded hands, compared to its average volume of 2,032,224. The stock has a market capitalization of $26.10 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.89 and a beta of 0.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.65. Nutrien Ltd. has a 12-month low of $47.90 and a 12-month high of $72.96. The business's 50-day moving average is $52.99 and its 200-day moving average is $54.31.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.35). The firm had revenue of $5.66 billion for the quarter, compared to analysts' expectations of $5.36 billion. Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The firm's revenue was down 24.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.02 EPS. As a group, sell-side analysts predict that Nutrien Ltd. will post 3.91 EPS for the current fiscal year.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Nutrien's previous quarterly dividend of $0.53. Nutrien's payout ratio is currently 85.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NTR shares. Wolfe Research started coverage on Nutrien in a research note on Friday, March 1st. They set an "outperform" rating and a $66.00 price objective for the company. Royal Bank of Canada lowered their price objective on Nutrien from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Friday, February 23rd. Wells Fargo & Company lowered their price objective on Nutrien from $77.00 to $69.00 and set an "overweight" rating for the company in a research note on Monday, February 26th. Berenberg Bank lowered their price objective on Nutrien from $67.00 to $60.00 and set a "hold" rating for the company in a research note on Thursday, February 8th. Finally, Raymond James cut Nutrien from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $80.00 to $65.00 in a research note on Friday, January 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $67.95.

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.