Euro Pacific Asset Management LLC Cuts Stake in Nutrien Ltd. (NYSE:NTR)

Euro Pacific Asset Management LLC lessened its position in Nutrien Ltd. (NYSE:NTR) by 1.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 110,118 shares of the company’s stock after selling 1,697 shares during the period. Euro Pacific Asset Management LLC’s holdings in Nutrien were worth $5,326,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CORDA Investment Management LLC. boosted its position in shares of Nutrien by 7.0% during the 3rd quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company’s stock worth $23,777,000 after purchasing an additional 32,541 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in Nutrien during the second quarter worth about $2,639,000. Cardinal Capital Management Inc. boosted its holdings in Nutrien by 4.3% during the third quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company’s stock worth $27,139,000 after buying an additional 23,117 shares in the last quarter. Stephens Inc. AR grew its position in Nutrien by 335.0% during the third quarter. Stephens Inc. AR now owns 70,301 shares of the company’s stock worth $3,379,000 after buying an additional 54,138 shares during the period. Finally, Royal Fund Management LLC increased its holdings in Nutrien by 88.6% in the third quarter. Royal Fund Management LLC now owns 30,722 shares of the company’s stock valued at $1,477,000 after buying an additional 14,434 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

NTR has been the topic of a number of research reports. The Goldman Sachs Group cut Nutrien from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $69.00 to $53.00 in a report on Tuesday, September 10th. Royal Bank of Canada restated an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research report on Friday, September 20th. BMO Capital Markets lowered their price target on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. TD Securities cut their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Barclays lowered their target price on Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Nutrien currently has a consensus rating of “Hold” and an average price target of $60.33.

Nutrien Stock Down 0.4 %

Shares of NTR opened at $46.19 on Friday. The firm has a market cap of $22.81 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 1.60 and a beta of 0.82. 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 company’s fifty day moving average is $47.99 and its two-hundred day moving average is $50.42. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $60.87.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. Nutrien’s revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. Analysts forecast that Nutrien Ltd. will post 3.65 earnings per share for the current year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.939 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. This represents a $3.76 annualized dividend and a yield of 8.13%. Nutrien’s payout ratio is presently 144.97%.

Nutrien Company 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.