Amundi Sells 17,854 Shares of Nutrien Ltd. $NTR

Amundi lowered its stake in shares of Nutrien Ltd. (NYSE:NTR) by 0.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,542,158 shares of the company’s stock after selling 17,854 shares during the period. Amundi’s holdings in Nutrien were worth $146,597,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Intech Investment Management LLC increased its stake in Nutrien by 284.0% in the first quarter. Intech Investment Management LLC now owns 69,128 shares of the company’s stock valued at $3,430,000 after acquiring an additional 51,126 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in shares of Nutrien in the 1st quarter worth about $311,000. Covea Finance increased its position in shares of Nutrien by 16.5% during the 2nd quarter. Covea Finance now owns 73,500 shares of the company’s stock valued at $4,265,000 after purchasing an additional 10,400 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Nutrien by 1.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 736,996 shares of the company’s stock valued at $36,607,000 after buying an additional 7,194 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Nutrien by 20.2% in the second quarter. Advisors Asset Management Inc. now owns 69,551 shares of the company’s stock worth $4,051,000 after buying an additional 11,704 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NTR has been the topic of several research reports. UBS Group decreased their price target on shares of Nutrien from $63.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. National Bankshares initiated coverage on shares of Nutrien in a research report on Friday, September 5th. They issued a “sector perform” rating and a $64.00 target price on the stock. Wells Fargo & Company assumed coverage on Nutrien in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $64.00 target price for the company. National Bank Financial started coverage on Nutrien in a report on Friday, September 5th. They set a “sector perform” rating for the company. Finally, Scotiabank reduced their price target on Nutrien from $65.00 to $63.00 and set a “sector perform” rating on the stock in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $62.94.

Nutrien Stock Performance

Shares of NYSE:NTR opened at $60.32 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $57.79 and a 200-day moving average price of $58.48. The company has a market cap of $29.16 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 0.69 and a beta of 0.72. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. The company had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.59 billion. Nutrien had a return on equity of 7.54% and a net margin of 6.79%.The firm’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be paid 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 dividend yield of 3.6%. Nutrien’s payout ratio is presently 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.