Quantinno Capital Management LP Sells 2,940 Shares of Nutrien Ltd. (NYSE:NTR)

Quantinno Capital Management LP decreased its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 33.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,754 shares of the company’s stock after selling 2,940 shares during the quarter. Quantinno Capital Management LP’s holdings in Nutrien were worth $277,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Central Pacific Bank Trust Division bought a new stake in Nutrien during the third quarter valued at approximately $28,000. Family Firm Inc. purchased a new position in Nutrien in the 2nd quarter worth approximately $32,000. Andra AP fonden purchased a new stake in shares of Nutrien during the 2nd quarter valued at $51,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Nutrien during the 2nd quarter worth $52,000. Finally, Rothschild Investment LLC purchased a new position in Nutrien in the second quarter worth $72,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NTR. The Goldman Sachs Group downgraded Nutrien from a “buy” rating to a “neutral” rating and lowered their price target for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. Oppenheimer assumed coverage on Nutrien in a research report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research report on Friday, September 20th. UBS Group lowered shares of Nutrien from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $66.00 to $51.00 in a report on Thursday, October 10th. Finally, TD Securities reduced their target price on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $58.95.

Nutrien Trading Down 2.7 %

NTR opened at $46.89 on Tuesday. The firm has a market capitalization of $23.09 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 1.73 and a beta of 0.80. Nutrien Ltd. has a one year low of $44.65 and a one year high of $60.87. The business has a 50 day simple moving average of $47.79 and a two-hundred day simple moving average of $48.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. Nutrien’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 EPS. Analysts predict that Nutrien Ltd. will post 3.5 EPS for the current year.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.939 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.01%. Nutrien’s payout ratio is presently 144.97%.

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.