Paloma Partners Management Co lowered its position in Nutrien Ltd (NYSE:NTR) by 65.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,548 shares of the company’s stock after selling 12,368 shares during the quarter. Paloma Partners Management Co’s holdings in Nutrien were worth $357,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley grew its stake in shares of Nutrien by 2.9% during the second quarter. Morgan Stanley now owns 1,599,898 shares of the company’s stock valued at $87,002,000 after buying an additional 45,417 shares during the last quarter. Luminus Management LLC bought a new position in shares of Nutrien during the second quarter valued at about $1,034,000. Westport Asset Management Inc. bought a new position in shares of Nutrien during the second quarter valued at about $606,000. Natixis grew its stake in shares of Nutrien by 101.1% during the second quarter. Natixis now owns 15,916 shares of the company’s stock valued at $866,000 after buying an additional 8,000 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in shares of Nutrien during the second quarter valued at about $317,000. 66.34% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien stock opened at $57.52 on Thursday. The company has a quick ratio of 1.58, a current ratio of 2.07 and a debt-to-equity ratio of 0.45. The stock has a market cap of $35.01 billion, a PE ratio of 45.51, a PEG ratio of 1.60 and a beta of 0.72. Nutrien Ltd has a 1-year low of $40.41 and a 1-year high of $58.81.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 1st. The company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.08. The company had revenue of $8.15 billion during the quarter, compared to analyst estimates of $7.70 billion. Nutrien had a net margin of 9.83% and a return on equity of 10.27%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. sell-side analysts predict that Nutrien Ltd will post 2.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, September 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.78%.

A number of brokerages have recently issued reports on NTR. Scotiabank cut Nutrien from a “focus list” rating to an “outperform” rating in a research note on Thursday, September 20th. BMO Capital Markets reaffirmed a “hold” rating and set a $55.00 price objective on shares of Nutrien in a research note on Wednesday, September 19th. Zacks Investment Research raised Nutrien from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Saturday, September 8th. Barclays began coverage on Nutrien in a research note on Tuesday, September 4th. They set an “overweight” rating and a $65.00 price objective on the stock. Finally, Cowen raised their price objective on Nutrien from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $61.31.

About Nutrien

Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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