Sanctuary Advisors LLC Sells 8,794 Shares of Nutrien Ltd. (NYSE:NTR)

Sanctuary Advisors LLC trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 21.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,787 shares of the company’s stock after selling 8,794 shares during the period. Sanctuary Advisors LLC’s holdings in Nutrien were worth $1,539,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lester Murray Antman dba SimplyRich raised its position in Nutrien by 2.3% during the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company’s stock valued at $461,000 after purchasing an additional 202 shares during the last quarter. FFT Wealth Management LLC raised its holdings in shares of Nutrien by 0.8% during the second quarter. FFT Wealth Management LLC now owns 29,220 shares of the company’s stock valued at $1,488,000 after acquiring an additional 220 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Nutrien by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock worth $207,000 after acquiring an additional 263 shares during the period. Royal London Asset Management Ltd. boosted its holdings in Nutrien by 1.1% in the second quarter. Royal London Asset Management Ltd. now owns 23,995 shares of the company’s stock valued at $1,222,000 after acquiring an additional 265 shares in the last quarter. Finally, United Services Automobile Association increased its position in Nutrien by 1.6% during the 2nd quarter. United Services Automobile Association now owns 17,853 shares of the company’s stock valued at $909,000 after purchasing an additional 284 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Stock Up 1.2 %

NYSE:NTR opened at $44.58 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The firm has a market cap of $21.95 billion, a P/E ratio of 29.92, a P/E/G ratio of 1.73 and a beta of 0.80. Nutrien Ltd. has a fifty-two week low of $43.87 and a fifty-two week high of $60.87. The firm has a 50-day simple moving average of $47.48 and a two-hundred day simple moving average of $48.65.

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

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This is an increase from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.43%. The ex-dividend date is Tuesday, December 31st. Nutrien’s dividend payout ratio is presently 144.97%.

Wall Street Analysts Forecast Growth

NTR has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a research report on Friday, September 20th. Wells Fargo & Company lowered shares of Nutrien from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $62.00 to $50.00 in a report on Tuesday, September 24th. CIBC reiterated an “outperformer” rating and set a $55.00 target price (down previously from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. TD Securities lowered their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group cut Nutrien from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $69.00 to $53.00 in a research note on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Nutrien has an average rating of “Hold” and an average price target of $58.95.

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.