Legacy Capital Group California Inc. Sells 371 Shares of Nutrien Ltd. (NYSE:NTR)

Legacy Capital Group California Inc. trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 3.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,833 shares of the company’s stock after selling 371 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Nutrien were worth $473,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Silchester International Investors LLP raised its holdings in Nutrien by 211.6% during the second quarter. Silchester International Investors LLP now owns 4,041,167 shares of the company’s stock worth $205,736,000 after buying an additional 2,744,213 shares during the last quarter. Bank of Montreal Can increased its position in shares of Nutrien by 15.5% during the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock worth $719,668,000 after acquiring an additional 1,794,333 shares in the last quarter. National Bank of Canada FI increased its position in shares of Nutrien by 34.0% during the second quarter. National Bank of Canada FI now owns 4,066,629 shares of the company’s stock worth $205,385,000 after acquiring an additional 1,032,763 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Nutrien by 10.6% in the 1st quarter. 1832 Asset Management L.P. now owns 8,839,216 shares of the company’s stock worth $480,058,000 after acquiring an additional 844,559 shares during the last quarter. Finally, Public Sector Pension Investment Board bought a new position in Nutrien in the 2nd quarter valued at about $38,176,000. 63.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group downgraded 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 research note on Thursday, October 10th. Barclays lowered their price target on Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. BMO Capital Markets cut their price objective on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. TD Securities lowered their target price on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Mizuho cut their price target on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.67.

Nutrien Trading Up 0.2 %

Shares of NTR opened at $47.91 on Friday. The firm has a market cap of $23.70 billion, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 1.56 and a beta of 0.82. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $60.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26. The business has a 50-day moving average of $47.77 and a 200 day moving average of $50.98.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.15. The firm had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The company’s revenue was down 12.9% on a year-over-year basis. During the same quarter last year, the company earned $2.53 earnings per share. As a group, research analysts forecast that Nutrien Ltd. will post 3.85 EPS for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 27th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date was Friday, September 27th. Nutrien’s payout ratio is currently 126.32%.

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.