Nutrien Ltd. (NYSE:NTR) Shares Sold by Parkside Investments LLC

Parkside Investments LLC decreased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 66.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 17,663 shares of the company’s stock after selling 35,255 shares during the period. Parkside Investments LLC’s holdings in Nutrien were worth $959,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NTR. First Pacific Financial boosted its position in shares of Nutrien by 1.7% during the 4th quarter. First Pacific Financial now owns 12,399 shares of the company’s stock worth $699,000 after acquiring an additional 206 shares in the last quarter. Moody National Bank Trust Division lifted its position in shares of Nutrien by 1.7% during the 1st quarter. Moody National Bank Trust Division now owns 12,582 shares of the company’s stock worth $683,000 after buying an additional 208 shares during the last quarter. Capital Investment Counsel Inc boosted its holdings in shares of Nutrien by 2.8% in the 4th quarter. Capital Investment Counsel Inc now owns 8,856 shares of the company’s stock valued at $501,000 after buying an additional 240 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Nutrien by 41.0% in the 4th quarter. Parallel Advisors LLC now owns 1,049 shares of the company’s stock valued at $59,000 after buying an additional 305 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Nutrien by 2.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 16,441 shares of the company’s stock worth $931,000 after acquiring an additional 392 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Trading Down 0.7 %

Shares of Nutrien stock traded down $0.34 during trading hours on Wednesday, reaching $51.78. 558,548 shares of the company’s stock were exchanged, compared to its average volume of 1,871,725. Nutrien Ltd. has a 52-week low of $47.90 and a 52-week high of $69.12. The company has a fifty day moving average of $54.93 and a 200-day moving average of $53.77. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $25.62 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 1.70 and a beta of 0.87.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.34 by $0.11. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. The firm had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.38 billion. Sell-side analysts forecast that Nutrien Ltd. will post 3.84 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 28th will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 annualized dividend and a dividend yield of 4.17%. Nutrien’s dividend payout ratio is presently 126.32%.

Analyst Upgrades and Downgrades

NTR has been the subject of several research analyst reports. Berenberg Bank upgraded shares of Nutrien from a “hold” rating to a “buy” rating and upped their price objective for the company from $60.00 to $66.00 in a research note on Monday, April 29th. Jefferies Financial Group started coverage on Nutrien in a report on Tuesday, March 26th. They issued a “buy” rating and a $62.00 price objective for the company. Piper Sandler decreased their price objective on Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a research report on Tuesday, June 11th. Wolfe Research began coverage on Nutrien in a report on Friday, March 1st. They set an “outperform” rating and a $66.00 price target for the company. Finally, Scotiabank dropped their price objective on shares of Nutrien from $67.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, May 13th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Nutrien has an average rating of “Hold” and an average target price of $66.28.

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.