Greenwood Capital Associates LLC Sells 10,596 Shares of Nutrien Ltd. $NTR

Greenwood Capital Associates LLC decreased its position in shares of Nutrien Ltd. (NYSE:NTR) by 46.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,284 shares of the company’s stock after selling 10,596 shares during the period. Greenwood Capital Associates LLC’s holdings in Nutrien were worth $927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Montag A & Associates Inc. increased its position in shares of Nutrien by 310.7% during the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares in the last quarter. Evolution Wealth Management Inc. acquired a new stake in shares of Nutrien in the 1st quarter worth $32,000. Sfam LLC acquired a new stake in shares of Nutrien in the 4th quarter worth $37,000. Eastern Bank grew its stake in Nutrien by 133.0% during the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after buying an additional 399 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in Nutrien by 97.2% during the 4th quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after buying an additional 347 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Trading Down 3.3%

NYSE NTR opened at $64.58 on Friday. The company has a market capitalization of $30.95 billion, a PE ratio of 13.15, a P/E/G ratio of 0.64 and a beta of 0.62. The company has a fifty day moving average of $67.57 and a 200 day moving average of $69.72. Nutrien Ltd. has a 1 year low of $53.03 and a 1 year high of $85.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. Research analysts forecast that Nutrien Ltd. will post 5.19 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be paid a $0.55 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.4%. Nutrien’s dividend payout ratio is presently 44.81%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NTR. Scotiabank upgraded Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price target for the company in a research note on Tuesday, June 30th. Royal Bank Of Canada boosted their price target on Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. UBS Group cut their price objective on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, May 11th. Morgan Stanley decreased their price objective on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, BMO Capital Markets lifted their target price on shares of Nutrien from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Nutrien presently has a consensus rating of “Moderate Buy” and an average target price of $80.94.

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.