Nutrien Ltd. (NYSE:NTR) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP reduced its stake in Nutrien Ltd. (NYSE:NTR) by 15.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 98,146 shares of the company’s stock after selling 18,227 shares during the quarter. Quantbot Technologies LP’s holdings in Nutrien were worth $4,997,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Family Firm Inc. purchased a new stake in Nutrien in the second quarter valued at approximately $32,000. GoalVest Advisory LLC acquired a new stake in shares of Nutrien in the first quarter valued at $35,000. Trust Co. of Vermont raised its holdings in shares of Nutrien by 50.0% in the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock valued at $46,000 after buying an additional 300 shares during the period. Covestor Ltd lifted its stake in Nutrien by 33.3% during the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after acquiring an additional 233 shares in the last quarter. Finally, Andra AP fonden purchased a new position in Nutrien during the 2nd quarter valued at about $51,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on NTR shares. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research note on Monday, August 12th. Hsbc Global Res downgraded shares of Nutrien from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. HSBC cut shares of Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. The Goldman Sachs Group lowered Nutrien from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $69.00 to $53.00 in a research report on Tuesday, September 10th. Finally, BMO Capital Markets decreased their target price on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.39.

Nutrien Stock Up 1.2 %

Nutrien stock opened at $46.74 on Monday. The stock has a market capitalization of $23.12 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.50 and a beta of 0.82. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average of $48.20 and a two-hundred day moving average of $52.02. Nutrien Ltd. has a twelve month low of $44.65 and a twelve month high of $65.00.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.15. The firm had revenue of $10.16 billion for the quarter, compared to analyst estimates of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. Nutrien’s quarterly revenue was down 12.9% on a year-over-year basis. During the same period last year, the firm posted $2.53 EPS. As a group, research analysts expect that Nutrien Ltd. will post 3.81 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 4.62%. The ex-dividend date is Friday, September 27th. Nutrien’s payout ratio is 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.