1832 Asset Management L.P. Has $484.58 Million Holdings in Nutrien Ltd. $NTR

1832 Asset Management L.P. cut its position in shares of Nutrien Ltd. (NYSE:NTR) by 10.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,320,337 shares of the company’s stock after selling 998,358 shares during the quarter. 1832 Asset Management L.P.’s holdings in Nutrien were worth $484,576,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in NTR. JT Stratford LLC acquired a new stake in shares of Nutrien during the second quarter valued at approximately $227,000. Groupe la Francaise raised its stake in Nutrien by 7.2% during the 2nd quarter. Groupe la Francaise now owns 5,560 shares of the company’s stock valued at $323,000 after purchasing an additional 375 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Nutrien by 48.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock valued at $696,058,000 after purchasing an additional 3,900,755 shares during the period. Westerkirk Capital Inc. purchased a new stake in shares of Nutrien in the second quarter valued at $1,442,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Nutrien in the second quarter worth $3,515,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NTR shares. National Bankshares initiated coverage on Nutrien in a research report on Friday, September 5th. They set a “sector perform” rating and a $64.00 price target on the stock. National Bank Financial assumed coverage on Nutrien in a research note on Friday, September 5th. They set a “sector perform” rating on the stock. TD Securities increased their price target on shares of Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Oppenheimer restated an “outperform” rating on shares of Nutrien in a report on Wednesday, October 22nd. Finally, Wells Fargo & Company initiated coverage on shares of Nutrien in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $64.00 price objective on the stock. 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 given a Sell rating to the stock. According to data from MarketBeat.com, Nutrien currently has a consensus rating of “Hold” and a consensus price target of $62.94.

Nutrien Stock Down 1.4%

Shares of NTR stock opened at $59.31 on Wednesday. The stock’s 50 day simple moving average is $57.71 and its 200 day simple moving average is $58.45. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The company has a market capitalization of $28.68 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 0.92 and a beta of 0.83.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, beating 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 company had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter last year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

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

About Nutrien

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.