Arrowstreet Capital Limited Partnership Decreases Stock Position in Nutrien Ltd. $NTR

Arrowstreet Capital Limited Partnership trimmed its holdings in Nutrien Ltd. (NYSE:NTR) by 13.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,828,890 shares of the company’s stock after selling 1,840,700 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Nutrien were worth $892,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC grew its position in shares of Nutrien by 2.2% in the fourth quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock valued at $409,000 after purchasing an additional 145 shares during the last quarter. Minot DeBlois Advisors LLC increased its stake in shares of Nutrien by 1.8% during the 4th quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock worth $557,000 after purchasing an additional 164 shares in the last quarter. Banque Cantonale Vaudoise raised its position in shares of Nutrien by 15.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock worth $90,000 after purchasing an additional 164 shares during the last quarter. Gould Asset Management LLC CA raised its position in shares of Nutrien by 4.4% during the 1st quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company’s stock worth $297,000 after purchasing an additional 165 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Nutrien by 21.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock valued at $61,000 after buying an additional 176 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NTR shares. Wall Street Zen cut Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. 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 report on Tuesday, April 7th. TD Securities restated a “buy” rating on shares of Nutrien in a research report on Wednesday, May 6th. Scotiabank raised Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective on the stock in a research note on Tuesday, June 30th. Finally, Mizuho dropped their price objective on Nutrien from $77.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Fourteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.89.

Nutrien Stock Performance

Shares of NTR opened at $68.56 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. The company has a market capitalization of $32.80 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 0.67 and a beta of 0.62. The company’s 50 day simple moving average is $66.59 and its 200 day simple moving average is $70.05. Nutrien Ltd. has a 1 year low of $53.03 and a 1 year high of $85.36.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. Nutrien’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. On average, sell-side analysts predict that Nutrien Ltd. will post 5.11 EPS for the current year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.20 annualized dividend and a dividend yield of 3.2%. Nutrien’s dividend payout ratio (DPR) is 44.81%.

About Nutrien

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.