Nutrien Ltd. $NTR Shares Sold by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 0.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,649,039 shares of the company’s stock after selling 12,110 shares during the quarter. Nutrien accounts for approximately 2.4% of Letko Brosseau & Associates Inc.’s investment portfolio, making the stock its 15th biggest position. Letko Brosseau & Associates Inc. owned 0.56% of Nutrien worth $186,473,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NTR. Engineers Gate Manager LP boosted its stake in shares of Nutrien by 665.4% in the second quarter. Engineers Gate Manager LP now owns 67,888 shares of the company’s stock valued at $4,274,000 after purchasing an additional 59,018 shares during the period. Bryn Mawr Trust Advisors LLC acquired a new position in shares of Nutrien in the second quarter valued at approximately $8,363,000. Andra AP fonden increased its stake in Nutrien by 419.9% during the 2nd quarter. Andra AP fonden now owns 141,395 shares of the company’s stock worth $8,901,000 after buying an additional 114,200 shares during the period. BlackRock Inc. purchased a new stake in Nutrien during the 2nd quarter worth approximately $220,942,000. Finally, CWA Asset Management Group LLC increased its stake in Nutrien by 79.9% during the 3rd quarter. CWA Asset Management Group LLC now owns 58,855 shares of the company’s stock worth $4,135,000 after buying an additional 26,138 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $71.00 price target on shares of Nutrien in a research report on Monday, October 12th. Freedom Broker dropped their price target on shares of Nutrien from $78.00 to $76.00 and set a “hold” rating for the company in a research note on Wednesday. set a $85.00 price objective on Nutrien and gave the stock an “outperform” rating in a research report on Monday, October 5th. KeyCorp assumed coverage on Nutrien in a research note on Thursday, September 10th. They issued a “sector weight” rating and a $73.00 price objective on the stock. Finally, Oppenheimer reduced their price objective on Nutrien from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Thursday, October 22nd. Sixteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.19.

Nutrien Stock Performance

Shares of Nutrien stock opened at $71.22 on Friday. Nutrien Ltd. has a one year low of $54.52 and a one year high of $85.36. The company has a market cap of $33.85 billion, a PE ratio of 16.90, a P/E/G ratio of 0.79 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 1.41. The business has a 50-day simple moving average of $72.46 and a 200-day simple moving average of $71.16.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, November 4th. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.13). Nutrien had a net margin of 7.78% and a return on equity of 8.00%. The firm had revenue of $5.69 billion during the quarter, compared to analyst estimates of $5.66 billion. During the same period last year, the business earned $0.97 EPS. The firm’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts forecast that Nutrien Ltd. will post 4.53 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.1%. Nutrien’s dividend payout ratio is currently 48.03%.

Nutrien Company Profile

Nutrien Ltd. is a Canadian agricultural inputs and services company headquartered in Saskatoon, Saskatchewan. Formed in 2018 through the merger of Agrium and Potash Corporation of Saskatchewan, it serves farmers and other customers through fertilizer production and agricultural retail operations. The company produces potash, nitrogen and phosphate fertilizers, which are used to support crop growth. It also sells crop protection products and seeds, and provides growers with agronomic advice and other services.