Nutrien Ltd. (NYSE:NTR) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of Nutrien Ltd. (NYSE:NTR) by 13.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,151 shares of the company’s stock after selling 1,132 shares during the quarter. Rhumbline Advisers’ holdings in Nutrien were worth $364,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new stake in Nutrien during the 2nd quarter valued at $2,639,000. Vanguard Group Inc. grew its holdings in Nutrien by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 18,210,375 shares of the company’s stock worth $1,025,790,000 after acquiring an additional 158,161 shares in the last quarter. SG Americas Securities LLC grew its holdings in Nutrien by 370.1% during the 1st quarter. SG Americas Securities LLC now owns 58,041 shares of the company’s stock worth $3,152,000 after acquiring an additional 45,695 shares in the last quarter. BNP Paribas acquired a new position in Nutrien during the 1st quarter worth $1,146,000. Finally, Wellington Management Group LLP grew its holdings in Nutrien by 54.3% during the 4th quarter. Wellington Management Group LLP now owns 841,144 shares of the company’s stock worth $47,620,000 after acquiring an additional 296,122 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

NTR has been the topic of several recent research reports. UBS Group cut their price objective on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. The Goldman Sachs Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $69.00 to $53.00 in a report on Tuesday, September 10th. Barclays dropped their target price on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. BMO Capital Markets dropped their target price on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a research report on Friday, September 20th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Nutrien presently has an average rating of “Hold” and an average target price of $61.50.

Nutrien Price Performance

Shares of NYSE:NTR opened at $48.25 on Friday. Nutrien Ltd. has a 1-year low of $44.65 and a 1-year high of $63.60. The stock has a market cap of $23.87 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82. The stock’s fifty day simple moving average is $47.74 and its two-hundred day simple moving average is $51.72. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.19 by $0.15. The business had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The firm’s revenue was down 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.53 EPS. As a group, analysts forecast that Nutrien Ltd. will post 3.83 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be paid a $0.54 dividend. The ex-dividend date is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a yield of 4.48%. Nutrien’s dividend payout ratio (DPR) is currently 126.32%.

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.