Nutrien Ltd. (NYSE:NTR) Shares Sold by Forsta AP Fonden

Forsta AP Fonden trimmed its stake in shares of Nutrien Ltd. (NYSE:NTR) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,300 shares of the company’s stock after selling 2,100 shares during the period. Forsta AP Fonden’s holdings in Nutrien were worth $5,514,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC lifted its stake in Nutrien by 28.4% during the second quarter. AQR Capital Management LLC now owns 5,348 shares of the company’s stock valued at $272,000 after buying an additional 1,184 shares in the last quarter. Creative Planning lifted its position in shares of Nutrien by 1.3% in the 2nd quarter. Creative Planning now owns 36,051 shares of the company’s stock valued at $1,835,000 after acquiring an additional 451 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Nutrien by 4.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 22,825 shares of the company’s stock worth $1,162,000 after purchasing an additional 1,000 shares during the period. Clearbridge Investments LLC boosted its stake in Nutrien by 21.9% in the 2nd quarter. Clearbridge Investments LLC now owns 882,591 shares of the company’s stock worth $44,937,000 after purchasing an additional 158,324 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in Nutrien during the 2nd quarter worth approximately $2,184,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Securities reduced their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Barclays restated an “equal weight” rating and set a $56.00 price objective (up from $55.00) on shares of Nutrien in a research report on Tuesday, January 21st. Wells Fargo & Company upped their target price on Nutrien from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Tuesday. Oppenheimer started coverage on shares of Nutrien in a report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target for the company. Finally, Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.94.

Nutrien Stock Down 1.3 %

Shares of Nutrien stock opened at $51.65 on Friday. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $60.87. The stock has a market capitalization of $25.36 billion, a P/E ratio of 34.66, a PEG ratio of 1.19 and a beta of 0.81. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average price of $48.14 and a two-hundred day moving average price of $48.09.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 earnings per share. Equities analysts expect that Nutrien Ltd. will post 3.49 earnings per share for the current year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.939 dividend. The ex-dividend date was Tuesday, December 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.27%. Nutrien’s payout ratio is presently 144.97%.

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.