Nutrien Ltd. (NYSE:NTR) Shares Sold by United Community Bank

United Community Bank lowered its position in shares of Nutrien Ltd. (NYSE:NTR) by 31.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,107 shares of the company’s stock after selling 955 shares during the quarter. United Community Bank’s holdings in Nutrien were worth $114,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NTR. GoalVest Advisory LLC acquired a new stake in shares of Nutrien in the 1st quarter valued at approximately $35,000. Exchange Traded Concepts LLC increased its position in Nutrien by 904.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock worth $42,000 after buying an additional 678 shares in the last quarter. Evolution Advisers Inc. purchased a new stake in shares of Nutrien in the fourth quarter valued at $49,000. CVA Family Office LLC purchased a new position in Nutrien in the 4th quarter valued at about $57,000. Finally, Parallel Advisors LLC raised its position in shares of Nutrien by 41.0% in the fourth 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. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NTR shares. Berenberg Bank upgraded Nutrien from a “hold” rating to a “buy” rating and increased their target price for the stock from $60.00 to $66.00 in a research report on Monday, April 29th. Piper Sandler lowered their price target on Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a research report on Tuesday, June 11th. Mizuho upped their price target on Nutrien from $54.00 to $56.00 and gave the stock an “underweight” rating in a research note on Friday, May 17th. Jefferies Financial Group assumed coverage on shares of Nutrien in a research report on Tuesday, March 26th. They set a “buy” rating and a $62.00 target price for the company. Finally, UBS Group decreased their price objective on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Nutrien currently has an average rating of “Moderate Buy” and an average price target of $66.26.

Nutrien Stock Performance

Shares of NTR stock traded down $0.54 during trading hours on Wednesday, reaching $48.02. The stock had a trading volume of 502,250 shares, compared to its average volume of 1,869,536. The firm has a market capitalization of $23.75 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 1.60 and a beta of 0.83. The firm has a 50-day simple moving average of $54.51 and a 200-day simple moving average of $53.43. Nutrien Ltd. has a twelve month low of $47.90 and a twelve month high of $69.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 0.53.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. The company had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.38 billion. As a group, equities analysts forecast that Nutrien Ltd. will post 3.84 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Friday, June 28th. Nutrien’s dividend payout ratio (DPR) is 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.