Euro Pacific Asset Management LLC Sells 590 Shares of Nutrien Ltd. $NTR

Euro Pacific Asset Management LLC lessened its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,383 shares of the company’s stock after selling 590 shares during the period. Euro Pacific Asset Management LLC’s holdings in Nutrien were worth $6,139,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Harbour Investments Inc. increased its holdings in Nutrien by 94.8% during the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after purchasing an additional 348 shares during the period. Allworth Financial LP raised its stake in shares of Nutrien by 117.1% during the 1st quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after acquiring an additional 506 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Nutrien by 1,074.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock valued at $51,000 after purchasing an additional 935 shares during the last quarter. GAMMA Investing LLC increased its stake in Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock valued at $52,000 after purchasing an additional 1,022 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Nutrien during the 1st quarter worth about $54,000. 63.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NTR has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Nutrien in a report on Monday, July 14th. National Bank Financial started coverage on shares of Nutrien in a research note on Friday, September 5th. They issued a “sector perform” rating on the stock. Barclays increased their target price on shares of Nutrien from $61.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday, July 7th. National Bankshares started coverage on Nutrien in a research report on Friday, September 5th. They issued a “sector perform” rating and a $64.00 price target for the company. Finally, Wells Fargo & Company boosted their price objective on Nutrien from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.39.

Nutrien Stock Down 0.6%

Shares of NTR opened at $59.37 on Monday. The company’s 50-day simple moving average is $57.62 and its 200-day simple moving average is $57.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08. The stock has a market capitalization of $28.81 billion, a PE ratio of 21.28, a P/E/G ratio of 0.97 and a beta of 0.82.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.24. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.34 EPS. Analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be paid a $0.545 dividend. The ex-dividend date is Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a yield of 3.7%. Nutrien’s dividend payout ratio (DPR) is currently 78.14%.

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.