Rathbones Group PLC Sells 11,911 Shares of Nutrien Ltd. $NTR

Rathbones Group PLC decreased its holdings in Nutrien Ltd. (NYSE:NTR) by 29.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,920 shares of the company’s stock after selling 11,911 shares during the quarter. Rathbones Group PLC’s holdings in Nutrien were worth $1,639,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NTR. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Nutrien by 23.7% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 430,894 shares of the company’s stock worth $25,299,000 after acquiring an additional 82,525 shares during the period. Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Nutrien during the third quarter valued at approximately $2,101,000. Neuberger Berman Group LLC lifted its position in Nutrien by 126.0% during the third quarter. Neuberger Berman Group LLC now owns 523,949 shares of the company’s stock valued at $30,769,000 after purchasing an additional 292,100 shares during the period. Smith Moore & CO. lifted its position in Nutrien by 2.2% during the third quarter. Smith Moore & CO. now owns 7,642 shares of the company’s stock valued at $449,000 after purchasing an additional 168 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Nutrien by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,509,107 shares of the company’s stock worth $323,409,000 after purchasing an additional 78,842 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NTR. Morgan Stanley upgraded shares of Nutrien from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $70.00 to $77.00 in a research note on Wednesday, January 14th. BMO Capital Markets raised their price target on Nutrien from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Wells Fargo & Company lifted their price objective on Nutrien from $64.00 to $77.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. BNP Paribas Exane cut Nutrien from an “outperform” rating to a “neutral” rating in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. increased their target price on Nutrien from $68.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $72.82.

Nutrien Stock Down 0.5%

NTR stock opened at $75.85 on Tuesday. Nutrien Ltd. has a twelve month low of $45.78 and a twelve month high of $78.08. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 0.37. The stock has a market cap of $36.49 billion, a P/E ratio of 16.28 and a beta of 0.70. The business’s 50-day moving average price is $68.74 and its 200-day moving average price is $62.04.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, February 18th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.04). Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The firm had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the prior year, the company posted $0.31 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be given a $0.55 dividend. The ex-dividend date is Tuesday, March 31st. This is an increase from Nutrien’s previous quarterly dividend of $0.55. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. Nutrien’s dividend payout ratio (DPR) is currently 46.78%.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.