Nutrien Ltd. $NTR Shares Sold by Palouse Capital Management Inc.

Palouse Capital Management Inc. lessened its holdings in Nutrien Ltd. (NYSE:NTR) by 22.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,172 shares of the company’s stock after selling 11,973 shares during the quarter. Palouse Capital Management Inc.’s holdings in Nutrien were worth $2,398,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Boston Partners acquired a new stake in Nutrien during the second quarter worth approximately $150,416,000. JPMorgan Chase & Co. boosted its position in shares of Nutrien by 48.7% in the 1st quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company’s stock valued at $347,319,000 after purchasing an additional 2,291,518 shares during the period. First Eagle Investment Management LLC grew its stake in Nutrien by 14.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock worth $772,742,000 after buying an additional 1,627,328 shares during the last quarter. Vanguard Group Inc. increased its position in Nutrien by 7.1% during the first quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company’s stock worth $1,051,709,000 after buying an additional 1,412,503 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in Nutrien by 17.1% during the first quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company’s stock worth $436,137,000 after buying an additional 1,284,181 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

NTR has been the topic of a number of recent research reports. UBS Group cut their target price on shares of Nutrien from $63.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Oppenheimer reissued an “outperform” rating on shares of Nutrien in a report on Wednesday, October 22nd. Mizuho reduced their target price on shares of Nutrien from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. National Bank Financial assumed coverage on shares of Nutrien in a report on Friday, September 5th. They set a “sector perform” rating for the company. Finally, Scotiabank reduced their price objective on shares of Nutrien from $65.00 to $63.00 and set a “sector perform” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $63.00.

Nutrien Price Performance

NTR stock opened at $58.94 on Tuesday. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $65.08. The company has a market cap of $28.55 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 0.92 and a beta of 0.83. The firm has a 50 day moving average of $57.40 and a 200-day moving average of $58.30. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39.

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

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, December 31st. Nutrien’s dividend payout ratio (DPR) is currently 58.76%.

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.