JPMorgan Chase & Co. Sells 4,467,271 Shares of Nutrien Ltd. $NTR

JPMorgan Chase & Co. lowered its position in Nutrien Ltd. (NYSE:NTR) by 63.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,525,264 shares of the company’s stock after selling 4,467,271 shares during the period. JPMorgan Chase & Co. owned about 0.52% of Nutrien worth $147,071,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Harbour Investments Inc. boosted its stake in shares of Nutrien by 94.8% in the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after acquiring an additional 348 shares during the period. Huntington National Bank increased its position in Nutrien by 72.6% in the second quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after purchasing an additional 276 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Nutrien during the second quarter valued at $49,000. Caitong International Asset Management Co. Ltd lifted its position in Nutrien by 1,074.7% during the first 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. Finally, Acadian Asset Management LLC bought a new position in Nutrien during the first quarter valued at $54,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 1.0%

Shares of NYSE:NTR opened at $57.38 on Thursday. The firm has a market capitalization of $27.74 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. The business has a 50 day simple moving average of $57.53 and a two-hundred day simple moving average of $58.40. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.06. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, December 31st. Nutrien’s dividend payout ratio (DPR) is 58.76%.

Analyst Ratings Changes

NTR has been the topic of a number of research reports. National Bank Financial initiated coverage on shares of Nutrien in a report on Friday, September 5th. They issued a “sector perform” rating on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Nutrien in a research note on Tuesday. UBS Group decreased their price objective on Nutrien from $63.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Oppenheimer reiterated an “outperform” rating on shares of Nutrien in a report on Wednesday, October 22nd. Finally, Scotiabank cut their target price on Nutrien from $65.00 to $63.00 and set a “sector perform” rating on the stock in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $62.94.

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.